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Friday 18 June 2021
HomeNewsTunisia: Dinar continues its free fall against euro and dollar

Tunisia: Dinar continues its free fall against euro and dollar

The Tunisian dinar has continued its precipitous plunge against the euro and the U.S. dollar. The euro was bought at 2.2964 dinars on Tuesday, July 1 and the dollar at 1.6777 dinars.

It is less catastrophic than Monday when the Tunisian currency hit a new record low against the euro, by breaking through the symbolic 2.3 dinars against the euro.

This tumble has only worsened for several weeks, making the Tunisian currency loose 3.94% of its value against the single currency over a month and 19.4% since January 14, 2011.

The decrease is explained by the BCT mainly by the increase in the deficit of the balance of external payments as well as the imbalance between supply and demand of foreign currency liquidity.

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