According to the latest indicators of the Central Bank of Tunisia (BCT), the bank’s foreign currency reserves as of January 23, 2018, continued their decline, standing at only 89 days of imports, or 12,306 MD against 92 days of import (12,420 MD) on November 24, 2017 and reserves covering 98 days of imports (12,954 MD) as of 27 October of the same year.
Indeed, with this level of foreign exchange reserves, Tunisia is thus above the threshold of insecurity in terms of foreign exchange reserves, since this threshold is normally set, according to specialists, to 110 days of imports.
It should also be recalled that at the end of December 2016, Tunisia’s foreign exchange reserves covered 114 days of imports compared to 127 days in the same period in 2015.
Still, according to the BCT indicators, banknotes and currencies in circulation reached 11,711 MTD on 22 January 2018. The overall volume of refinancing was 11,268 MTD on January 23, 2018.
