Speaking to Tunisie Numérique, economic expert Rida Chakandali stressed on February 21, 2024, that the Tunisian state has recently settled a debt from 2017 amounting to 850 million euros. While this payment is regarded as a positive indicator in the international financial market, it has importance for Tunisia’s economy, including a decrease of supply days to 14 and a potentially adverse impact on the exchange rate and the Tunisian dinar’s value.
He elaborated that the situation is compounded by different factors such as tourism revenues, remittances from Tunisians residing abroad, and export levels, all of which have a direct influence on the dinar’s valuation and therefore on financial inflation within the country.
He highlighted the significance of the government investing significant funds in development to stimulate private investment and economic growth. This approach seeks to minimize the economic burden of allocating substantial amounts to debt repayment.
Furthermore, Chakandali highlighted the critical necessity for financial investment in upgrading the mining sector’s infrastructure, especially the railway fleet and machinery for the phosphate industry. Revitalizing this sector is fundamental for guaranteeing a steady influx of hard currency into Tunisia, which would contribute to stabilizing the dinar’s value and enhancing economic sustainability.
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