Tunisia’s foreign currency reserves rise to high level in 2 years
Wednesday, 08 21 2019, Category: Economy, Country: Tunisia
Tunisia’s foreign currency reserves rose to around 17.2 billion dinars (six billion US dollars), the equivalent of 96 days of imports, official data showed on Thursday, driven by the recovery of the tourism sector and the first opening of foreign exchange bureaus.
It was the first time in nearly two years that reserves had reached that level.
Tunisia’s foreign exchange reserves were below 11 billion dinars a year ago, equal to only 71 days of imports, the central bank said.
Tourism revenues in the first seven months of this year grew to 2.7 billion dinars from 1.9 billion dinars in the same period last year, central bank figures showed.