Tunisia’s foreign currency reserves increased to the equivalent of 106 days of imports opposed to barely 77 days in 2018, an economic recovery properly attributed to a considerable boost in the tourism sector.
The Central Bank of Tunisia announced that Tunisia’s foreign exchange reserves stood at an estimated 18.9 billion dinars, in direct comparison to 12.5 billion at the same point in 2018.
The economic surge in currency reserves will adequately support the aims of financial authorities to properly preserve the value of the local dinar currency, which has started to revive after years of economic slumps, growing about 8 % against the euro and dollar since the beginning of 2019.
On the other hand, Tourism revenues expanded by 38% in the first ten months of 2019 to 5 billion dinars contrasted to 3.5 billion dinars in the same period in 2018.
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