Tunisia: foreign currency reserves fall to 69 days of import (BCT)

The stock of foreign exchange reserves reached the equivalent of 10.655 billion dinars, or 69 days of imports on Tuesday, September 4, 2018.

While consolidation was expected thanks to tourism receipts, the level of foreign currency reserves continues to be under heavy pressure.

As a reminder, net assets in foreign currencies closed the year 2017 at a level of 12.885 billion dinars or the equivalent of 93 days of imports.

The depreciation of the dinar weighs more and more on the foreign exchange reserves of Tunisia.

The Tunisian currency has depreciated by 9% against the euro and 14% against the dollar from the beginning of the year.

African manager Contribution Time: 09-Sep-2018 08:54 (GMT)
African manager Last Update Time: 09-Sep-2018 08:54 (GMT)