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HomeNewsTunisia: expat remittances hit €1.5 billion at end of July

Tunisia: expat remittances hit €1.5 billion at end of July

Remittances from Tunisian expatriates are heading towards a new record in 2022.

They reached 4.9 billion dinars at the end of July, against 4.2 billion in 2021, up 640 million dinars (+15%), according to data from the Central Bank of Tunisia (BCT).

Expressed in euros, expat remittances stood at 1.5 billion euros (monthly average of interbank market rates from January to July: 1 euro = 3.255 dinars), at the end of July.

These funds represent 2.5 times the tourism revenues achieved during the first seven months of the current year, or 1.95 billion dinars, the equivalent of 600 million euros.

Expat remittances had reached a record of 7.5 billion dinars in 2021, up 28% compared to their level in 2020.

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