Tunisia to review foreign exchange law

Minister of Economy and Planning Samir Saied said a study by the Central Bank of Tunisia (BCT) and the International Monetary Fund (IMF) is underway to improve the measures of the exchange code.

Speaking at a conference held by the Tunisia Africa Business Council (TABC) on Saturday, Saied emphasised the need to embark on the path of healthy growth, especially since all the traditional tools for recovery are no longer available today.

Tunisia will review its foreign exchange law with a view to reforming it, as part of work by the central bank and the International Monetary Fund, to lead to a more flexible currency, the economy and planning minister said.

Tunisia needs to increase its exports to the European market, its leading partner (75% of bilateral trade) and to the African market, Saied stressed. He recalled that Tunisia’s exports to the African market represent only 10% of the country’s total exports, of which 2.6% are destined for the sub-Saharan African region.


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