After the recent promulgation of a legislative financial framework Tunisia is moving closer to become an international financial hub.
In a news conference held in Tunis,the Tunisian Central Bank Governor . Taoufik Baccar said that the country’s objectives are to promote international banking services and financial institutions in the near future.
Mr. Baccar, noted that the aim is to guarantee financial stability, banking control and establishment of co- ordination between the various stakeholders in the financial sector (financial market, insurance and banking institutions).
According to the Tunisian Central Bank’s (BCT) Governor, during the first 8 months of the current year Tunisia’s currency reserves have reached a 13 240 million dinars (184 export days), compared to 9,582 million dinars (141 days of exportation) during the same period last year.
In 2009, the banking sector Banks’ contribution in the national economy reached 2,018 million dinars compared with 2,267 million dinars in 2008. The financing of investment projects amounted to 2,616 million dinars compared with 1,823 million dinars in 2008.
Banking deposits grew by 9.4%, to reach 2,736 million dinars and banking inflation currently stands at 1,150 million dinars.
Classified debts recorded a drop (-15.2%) of the total of banking commitments in 2009, the aim is to reduce them to 15% by the end of 2009, he said.