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HomeNewsTunisia: Dinar appreciates 9.1% from January to October 20

Tunisia: Dinar appreciates 9.1% from January to October 20

“Foreign exchange reserves continued their consolidation, thanks in particular to the mobilization of resources of external loans and the reinforcement of foreign direct investment, according to the most recent sectoral report of the Central Bank of Tunisia (BCT) released after its Executive Board meeting.

As at October 25, 2019, they amounted to US $ 6.5 billion, the equivalent of 104 days of imports (compared with US $ 4.7 billion and 84 days at end of 2018).

According to the same document, the “retracement of the dinar exchange rate, initiated since March 2019, continued with the improvement of the supply on the foreign exchange market.

Indeed, between January 1 and October 24, 2019, the dinar exchange rate appreciated 9.1% and 5.1% against the euro and the US dollar.

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