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Tunisia: Foreign currency reserves rise to 108 days of import, deficit widens to 5.3%

At its monthly meeting, the Executive Board of the Central Bank of Tunisia noted the continuing pressures on the external sector with the widening of the deficit in the trade balance in the first half of this year to reach 5.3% of GDP against 4.4% during the same period last year.

However, foreign exchange reserves were strengthened, rising in late July to 12.085 million dinars, equivalent to 108 days of imports against 106 days in late 2013, thanks to the issuance of the $500 million bond loan, with the guarantee of the U.S. Administration.

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