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Tunisia Increase in holdings in foreign currency (Central Bank)


 Tunisia's net foreign assets increased to 14.3 billion dinars (US $ 4.95 billion), the equivalent of 80 days of imports, up to July 12, 2019, compared with 76 days (11.5 billion Tunisian dinars) during the same period of the year 2018, we learned Saturday at the Central Bank of Tunisia (BCT). The BCT figures indicate that the value of the outstanding banknotes and currencies reached until 11 July 2019, nearly 12.9 billion dinars ($ 4.47 billion), while the overall volume of refinancing was arrested at around 15.3 billion dinars ($ 5.3 billion). "Tunisia has managed its recent exit on the international financial market to mobilize 700 million euros, next to obtaining a tranche as part of a broader facilitation agreement with the International Monetary Fund (IMF), then that the national scene is experiencing a revival of the tourism sector and reached record numbers in terms of grain harvest, "reads a note from the BCT. Referring to tourism, the balance sheet of the BCT shows revenue growth exceeding 43% on July 10, 2019, compared to the same period last year. These tourism receipts exceeded 2.2 billion dinars (0.76 billion dollars) in July 2019 while they were about 1.5 billion dinars ($ 0.52 billion) in July 2018. A few days earlier, the Tunisian Ministry of Tourism had revealed that the increase in tourist revenues is of the order of 42.5% until the end of June 2019. Over the first half of the current year, Tunisia was able to accommodate about 3.8 million tourists, an increase of 16.7% compared to the same period of 2018. The ambition is to bring this number to 9 million tourists by the end of the year.

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