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Friday 18 June 2021
HomeNewsTunisia: 116 days of import in foreign currency, against 112 in 2014

Tunisia: 116 days of import in foreign currency, against 112 in 2014

The surplus in the balance of capital and financial transactions has experienced over the first seven months of 2015 a decrease of 529 MTD compared to the same period in 2014 to 4.495 MTD, following the decline of the surplus in the balance of loans-borrowings and other commitments by 810 MTD to 3,113 MTD during the first seven months of 2015 after, in particular, lower drawings on medium and long term debt capital.

On the other hand, expenditures on repayment of principal debt increased from one period to another, from 5.8% to 1.128 MTD.

Concurrently, the surplus in the balance of capital transactions fell by 55 MTD, to reach 128 MTD. However, the surplus of foreign investment was consolidated by 336 MTD to reach 1,254 MTD during the first seven months of 2015.

This development, explains the Central Bank of Tunisia (BCT), is related to the increase in FDI inflows by 20.9% to 1,136 MTD. This has affected all sectors, including energy (+ 48.7%) and manufacturing industries (+ 12.3%).

But also with revenues under portfolio investments which have also increased from one period to another from 72 MTD to 248 MTD, following the rise in acquisitions by non-residents of shares on Tunis Stock Exchange.

Following these developments, the level of foreign currency net assets was consolidated at the end of July 2015, to reach 13,360 MTD or 116 days of imports against 13,097 MTD and 112 days at the end of 2014.

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