40.9 C
Tunisia
Saturday 19 June 2021
HomeNewsTunisia: Foreign exchange reserves drop to 96 days of imports

Tunisia: Foreign exchange reserves drop to 96 days of imports

The foreign exchange reserves of Tunisia totaled only 96 days of import cover, below the level the central bank deems appropriate, due to decline in foreign investment and tourism revenues, the bank said on Thursday.

The Central Bank of Tunisia said that foreign exchange reserves amounted to 10.473 billion Tunisian dinars to June 26, corresponding to 96 days of import cover, against 100 days a year earlier.

Governor of the BCT Chedly Ayari said Tunisia needs to maintain foreign exchange reserves which cover imports for at least 100 days.

The bank explained that the decline in foreign exchange reserves is due to an increase in the trade deficit and the fall in investment and tourism revenue.

The key interest rate was kept at 4 percent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS