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HomeNewsTunisia: tourism revenues edge down 51% as of July 10

Tunisia: tourism revenues edge down 51% as of July 10

Tourism revenues have fallen by 51%, as of July 10, 2020, to 1127 million dinars (MD), in comparison with the same period of the past year, according to the financial indicators published by the Central Bank of Tunis (BCT) on Tuesday.

The BCT also reported a slight drop in cumulative labor income by 4% to nearly 2.3 billion dinars.

As for the servicing of the cumulative external debt, it has increased by 10%, to 5.1 billion dinars, against 4.7 billion dinars in 2019.

Net foreign exchange reserves have largely risen by 44%, as of July 14, 2020 to 20.8 billion dinars, covering 135 days of imports, from 14.4 billion dinars and 81 days of imports on the same date last year, the Central Bank added.

In addition, the BCT highlighted a significant drop in the overall volume of refinancing by 32%, from 15.3 billion dinars in July 2019 to 10.3 billion dinars at present.


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