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Tunisia: BCT to include Chinese Yuan assets in foreign exchange reserves

The Executive Board of the Central Bank of Tunisia (BCT), on Wednesday, decided at its periodic meeting to include the Chinese Yuan assets in the foreign currency reserves and keep the key interest rate at 4.25%.

In a statement issued on Thursday, the BCT also said that the Board considered the recommendation of the Monetary Policy Committee (French: CPM) meeting on Monday to establish a regulatory and operational framework for the mechanism of “lender of last resort”, without giving details on this mechanism.

The Board also reviewed all the items on in its agenda that are based on recent developments in the international economic situation and the analysis of the main economic, monetary and financial indicators as well as the main changes in the economic situation at national level. It also monitored the indicators of banking activity and changes in liquidity and money market and foreign exchange transactions.

In addition, the Council discussed the draft general budget of the Central Bank for 2017 and the recommendations issued by the Permanent Audit Committee (French: CPA).

The Board has also appointed the members of the Accreditation Committee, as provided for in Article 26 of the Law on Banks and Financial Institutions, the same source added.


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