Tunisia increases its days of import cover to 115, two days more than same period in 2022

Tunisia's days of import cover, on Monday, for the first time in several months, exceeded last year's data, reaching 115 days from 113. The Central Bank of Tunisia (BCT), in interim data published on its website, pointed out that the net foreign reserves amounted to nearly TND 26.5 billion against TND 24.1 billion recorded during the same period last year. These data come at a time when the financial agreement with the IMF to mobilise USD 9.1 billion is still pending, and following the conclusion of a package of financial agreements, including one with the Saudi government, which granted Tunisia a USD 400 million loan to finance the state budget. Tunisia's revenues from the tourism sector stood at TND 4.7 billion up to 20 August 2023, while remittances from expatriates brought in TND 4.9 billion, according to the Tunisian Central Bank.

Source: Agence Tunis Afrique Presse

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