Governor of the Central Bank of Tunisia, Marouane El Abassi, said that monetary policy and the exchange rate in Tunisia are still under control despite the difficult circumstances, adding that the BCT has referred the draft exchange rate law and the financial integration bill to the Prime Ministry. In a meeting with President Kais Saied during his visit to the BCT headquarters on Friday, El Abassi added that the monetary situation in Tunisia is better than predicted for 2022, despite the circumstances of the ongoing war in Ukraine. El Abassi pointed out that Tunisians abroad have contributed to hard currency revenues over the past three years. The latter have exceeded the revenues of the tourism sector and better resources can be provided. With regard to the draft laws on foreign exchange and financial integration, he expressed his hope that they would soon be approved by a cabinet meeting and then submitted to the Assembly of People's Representatives, as they are «one of the priorities for reforming the financial situation in Tunisia.» He considered that the new foreign exchange law will, among other things, allow young people to pay electronically, while the financial integration law will help to prevent small and micro businesses and private companies from leaving the organised sector due to financial difficulties and moving to the parallel sector. El Abassi pointed to the increase in liquidity on the Tunisian market to around TND 20 billion, stressing the importance of greater transparency in financial transactions and control over the parallel market.

Source: Agence Tunis Afrique Presse