Tunisia’s Hard Currency Balance Drops to 91 Days of Delivery as Foreign Debt Outweighs Remittances

Monetary and financial indicators, published by the Central Bank of Tunisia on its official website on Tuesday, showed that external debt servicing accounted for all remittances of Tunisians abroad.

The indicators also showed that the hard currency balance fell to 91 days of supply.

In particular, the monetary and financial indicators showed that servicing the accumulated external debt reached 3,267.3 million dinars at the end of May last year, and the accumulated labor income (remittances of Tunisians abroad) for the same period amounted to 3,177.7 million dinars.

This means that external debt relief covers all remittances from the Tunisian community living abroad.

The data published by the Central Bank show that public transfers increased by 180.5 million dinars compared to the end of May 2022, and accumulated tourism revenues reached 1,716.5 million dinars as of May 31, 2023, compared to 1,087.9 million dinars for the same period last year. i.e. a significant increase amounting to 628.6 million dinars.

Despite an improvement in tourism revenues and remittances from Tunisians abroad, external debt service reached high levels, causing exhaustion in the external sector as net foreign exchange assets declined to 21151, according to the Central Bank data on Monday, June 5, 2023. .3 million dinars (91 days of delivery) against 24,589 million dinars (124 days of delivery) on June 5, 2022, which is 3,437.7 million dinars or 33 days of delivery less.

On the other hand, data from the issuing institution show that the national currency depreciated against the US dollar and the euro by 0.62 percent and 2.93 percent, respectively.

The cost of the green banknote, according to the Central Bank of Tunisia, is estimated at 3.34 dinars.

Source: Watt

Related Stories

Leave a Reply