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Tunisia: BCT’s net foreign exchange reserves cover 115 days of import

Foreign exchange reserves of the Central Bank of Tunisia (BCT), in terms of days of imports hit the 115-day bar for the first time since October 2016.

According to daily data from the BCT, as of 25 March 2020, net foreign exchange reserves amounted to 20.06 billion dinars, up 5.5 billion dinars compared to last year, the equivalent of 30 days of imports.

This growth in foreign currency assets is the result of the continued increase in tourism receipts which have accumulated 883.6 million dinars as of March 20, 2020, posting a rise of 102.7 million dinars compared to the same date of the previous year.

Similarly, labor income (mainly made up of remittances from Tunisians residing abroad) continued its upward curve, reaching 1 billion dinars on March 20, 2020, against 929 million dinars on the same date last year.


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