Tunisia: foreign currency reserves fall to 78 days of import

The stock of Tunisia’s foreign exchange reserves continues to fall. Its level reached, on March 5, 2018, the equivalent of 11.25 billion dinars or 78 days of imports.
As a result of Tunisia’s important currency settlements, in addition to debt service payments, the Central Bank’s net foreign currency assets continue to plummet, with strong pressure since the beginning of the year.
This is in anticipation of expected revenues from exports of olive oil and dates, as well as revenues from the tourism sector.