Tunisia’s net foreign exchange reserves fell to 93 days of imports, or 21.6 billion dinars, as of May 16, compared with 123 days of imports (23.5 billion dinars) at the same time last year, according to data from the Central Bank of Tunisia (BCT) released Thursday.
The BCT said tourism revenues rose by 59.7% to 1.4 billion dinars in the period from January 1 to May 10.
Cumulative workers’ remittances also picked up slightly by 6%, from 2.5 billion dinars on May 10, 2022 to 2.7 billion dinars on May 10, 2023, while external debt service fell by 11.6% to 2.9 billion dinars.
The BCT figures also showed an increase in the total volume of refinancing by 59%, reaching 15.8 billion dinars on May 17, 2023, compared to almost 10 billion dinars on the same date last year.
