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HomeNewsTunisia: overall volume of refinancing at its lowest since February 2018 (BCT)

Tunisia: overall volume of refinancing at its lowest since February 2018 (BCT)

The average needs of banks in liquidity went down sharply, compared to previous months, to 11.99 billion dinars on Monday, September 30. The overall refinancing volume therefore reached its lowest level since February 2018.

This trend, which is marked by the one of autonomous factors in liquidity, was favored, in particular, by the increase in foreign exchange sales by banks to the BCT.

Thus, the volume of intervention by the Central Bank continued its decline in September.

This trend mainly affected foreign exchange swap transactions (for monetary policy purposes).

Moreover, banks’ reliance on the 24-hour lending facility has declined compared to the previous month.

The overall volume of refinancing hit a historical level on March 7 at 16.9 billion dinars.

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