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BCT recommends urgently developing action plan to curb high level of trade deficit

The Central Bank of Tunisia (BCT) recommended the development, in an emergency, of an action plan to control the high trade deficit, “which coincided with a situation marked by

financing difficulties.”

This deficit, however, shrank by 149.4 MTD in the last quarter to 3.6 billion dinars.

In his analysis of trade in Tunisia during the first half of 2016, the BCT has also reported a slight recovery in exports by 0.1% in the second quarter of 2016 after three consecutive quarters in decline (-14, 4%, 3.7% and 2.7%).

It noted that the high deficit of resident companies (about 8, 9 billion dinars) exerted pressure on the foreign exchange market and contributed to the depreciation of the Tunisian dinar against other major currencies.

According to the same source, the exchange effect was negative on the trade of residents estimated at 5.6% of the value of the trade deficit of these companies due to the depreciation of the Tunisian Dinar against major currencies.

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