Net foreign reserves reach 17,769 MD, 100 days of import as of September 9 (BCT)

Net foreign exchange reserves reached, Monday, September 9, 2019, for the first time in over two years, nearly 17,769 million dinars (MD), i.e. the equivalent of 100 days of import, according to data published by Central Bank of Tunisia (BCT).

 Last year during the same period, foreign currency reserves were just under 11,009 MD, the equivalent of 70 days of imports.

Tunisia’s foreign exchange reached 3 digits on Monday, exceeding the “recommended minimum security threshold” set at 90 days of import.

Cumulative tourism receipts reached 3,933.5 MD according to the September 8, 2019 data, against 1,279.4 MD over the same period 2018 and the cumulative labour income amounted to 3,281.4 MD against 2,804.9 MD during the same period last year, boosting foreign exchange reserves, the BCT reported on its website.

TunisianMonitorOnline

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