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HomeNewsTunisia: foreign exchange reserves amount to 114 days of imports (BCT)

Tunisia: foreign exchange reserves amount to 114 days of imports (BCT)

Meeting Wednesday, October 29, 2014, the Executive Board of the Central Bank of Tunisia (BCT) reported that the widening of the trade deficit remains due to the widening deficits in energy and food balance (2.8 and 1 2 billion dinars, respectively), which accounts for over 82% of the increase of the overall trade deficit.

According to the Central Bank, the financing of the deficit has been made through increased net inflows of foreign capital in the form of credits, which helped maintain the net foreign assets at a satisfactory level, i.e. 13,089 MTD or equivalent of 114 days of imports, until October 28, 2014, against 110 days of import dated September 26, 2014 and 103 days in October 2013.

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