Tunisia’s net foreign exchange reserves now cover 117 days of imports, reaching their highest level since June 2022.
According to data from the Central Bank of Tunisia, as of September 5, 2023, the stock of foreign currency amounted to the equivalent of 26,588 million dinars, compared with 24,191 million dinars on the same date a year earlier, up almost 2,400 million dinars, or the equivalent of three days’ imports.
This increase is due to the sharp rise in tourism revenues, which totaled 5,165 million dinars at the end of August, up 47% on the same period last year.
Similarly, remittances from the Tunisian diaspora rose by 5% over the first eight months of the year to reach 5,120 million dinars, compared with 4,871 million dinars at August 31, 2022.
