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Tunisia: banks’ average liquidity needs ease to TND 8.943 billion in November 2021

The average need of banks in liquidity went down to 8.943 billion dinars in November 2021 from 10.187 billion dinars the previous month, according to the “Note on economic and monetary developments and medium-term prospects” published by the Central Bank of Tunisia (BCT) Tuesday.

This development reflects the expansive effect exerted by the repayments made by the Treasury (322 million dinars (MD) of BTA and the return of banknotes to banks (of 450 MD).

At the level of monetary policy operations, the average volume of interventions of the Central Bank fell to 8.638 billion dinars, down 1.340 billion dinars (monthly change m/m), affecting mainly the outright purchases of Treasury bills (-884 MD in m/m) and the main refinancing operations (-386 MD in m/m), which stood at 3.409 billion dinars and 3.317 billion dinars, respectively.

The recourse of banks to the 24H loan facility remained at a relatively high level, averaging 675 MD in November 2021.

In terms of interest rates, the MMR stabilized at 6.25% in December 2021 for the second consecutive month.

Moreover, the weighted average rate (WAR) of the main refinancing operations remained unchanged at 6.27% for the fifth consecutive month in December 2021.

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