The erosion of foreign exchange reserves continues. According to daily data from the Central Bank of Tunisia (BCT), the net forex reserves have fallen below the threshold of 100 days of imports.
As of November 14, 2022, the stock of foreign currency of Tunisia now covers 99 days of imports, the lowest level since August 2019.
In value, net foreign exchange reserves are estimated at 21,981 million dinars. The pressure on the stock of foreign exchange is the result of the surge in imports during the ten months of the current year to 68.6 billion dinars (+34%) and the tightening of external financing.
