34.9 C
Tunisia
Monday 20 September 2021
HomeNewsTunisia: forex reserves struggle to recover despite rise in cumulative labor income

Tunisia: forex reserves struggle to recover despite rise in cumulative labor income

Net foreign exchange reserves, are still down at 20.1 billion dinars (126 days of imports), as of September 7 against 21.2 billion dinars (141 days of imports), in September 2020, according to data published by the Central Bank of Tunisia (BCT).

This result is recorded despite a significant increase in labor income and tourism revenue during the first 8 months of this year.

Indeed, the recent monetary and financial indicators of the Central Bank of Tunisia (BCT) show a significant increase by 37.5% of cumulative labor income, from 3.8 billion dinars, at the end of August 2020 to 5.3 billion dinars in August 2021.

As for tourism revenues, they grew 5% during the first eight months of the year 2021, to 1.6 billion dinars. Tourism revenues in 2020 had recorded a decline of 64% compared to 2019.

As for the accumulated foreign debt services, they have increased, in turn, by 22.3%, to 7.8 billion dinars.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS