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Wednesday 21 October 2020
Home News Tunisia: slowdown in rate of growth of expat remittances

Tunisia: slowdown in rate of growth of expat remittances

The coronavirus health crisis has led to a slowdown in the rate of growth of expat remittances.

According to the daily monetary and financial indicators of the Central Bank of Tunisia (BCT), these remittances totaled 3.84 billion dinars until September 10, compared to 3.56 billion on the same date in 2019, posting an increase of 7.9% (or +280 million dinars).

During the first eight months of the year, expat remittances grew by 5.9% after a rise by 22.4% at the end of August 2019 and an increase by 21.5% at August 31, 2018.

In euros, these flows represent the equivalent of €1.12 billion, compared with €1.2 billion a year earlier.

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