Tunisia – Reserves in foreign currencies at the lowest in three years

BCT currency reserves dropped under the bar of 100 days of imports, 98 days( 21,787 billion dinars).

Experts clarify this fall by worsening the trade balance deficit, due to the upsurge in fuel and cereal import costs. And also, because of the decline in exports, such as phosphate.

Experts are beyond measure, because of the approach to the payment of the credits that Tunisia has contracted with the donors.

Experts caution that the reimbursement of these deadlines will dry the currency reserves and advise, pending the release of funds by the IMF, urgent measures such as the drastic reduction in state expenditure, and the blocking of recruitment and wage increases.

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