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Tunisia to issue a national solidarity bond issue

The decree-law No. 2020-30 of June 10, 2020 published in the Official Gazette of the Tunisian Republic (JORT) authorized the State to issue a national solidarity bond loan in Tunisian dinars reserved for individuals.

That loan will be issued for a duration of 10 years, with a unit nominal value of the bond of 100 thousand dinars and at a nominal interest rate (gross for net) of 4%.

The interests are, in fact, exempt from the tax on income from movable capital.

The opening and closing date for subscriptions and the characteristics of this loan will be set by order of the Minister of Finance.

In addition to covering part of its budget needs for the year 2020, the State also aims to capture a share of the currency in circulation in the context of a possible monetary amnesty.

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