The U.S. dollar exchange rate dropped to 2.990 Tunisian dinars on Monday, dipping below the 3-dinar threshold for the first time in three years, according to data from the Central Bank of Tunisia (BCT).
The greenback remains weakened following tariff measures announced by U.S. President Donald Trump, hitting its lowest level since April 2022 at around 99.00 points on the dollar index.
The decline continued this Monday despite a brief technical correction attempt late last week, with the index remaining in negative territory below 99.30 points.
Since March 2022, the dollar had consistently stayed above the psychological 3-dinar mark, driven by global economic tensions—including the Ukraine war, soaring inflation, and aggressive monetary tightening by the U.S. Federal Reserve.
Lower dollar could have positive short-term effects, particularly on the cost of dollar-denominated imports such as raw materials and certain food products.
On the other hand, it could weigh on export earnings, particularly for sectors whose transactions are largely denominated in dollars, such as textiles and phosphates.
Consumers, for their part, may feel some relief on certain imported products, although the impact will not be immediate.
Importing companies, on the other hand, will see this as a breath of fresh air after years of cost pressures.
