Economist Ridha Chkoundali stated in a statement with Tunisie Numérique that the amendments to the bounced check law, set to take effect in early 2025, include a significant point stipulating that ordinary consumers will no longer be able to make instalment purchases employing checks.
Chkoundali clarified that this specific step will have a major impact on citizens’ purchasing power. He stressed that many Tunisians now depend heavily on instalment payments via checks for high-value consumer transactions, and restricting this option could seriously hinder economic activities.
The economist added that it is also important to note that Tunisia’s savings rate has declined in recent years, reaching only 4.6% in 2024—a very low figure.
He highlighted that barring ordinary citizens from using checks could be particularly harmful in countries where incomes are generally low.
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