Foreign exchange reserves amount to 104 days of imports, October 25, 2019 (BCT)
06/11/2019 11:59, TUNIS/Tunisia

(TAP) – The exchange reserves amounted to US $6.5 billion on October 25, 2019, equivalent to 104 days of imports, compared with $4.7 billion and 84 days at the end of 2018.

According to the “trend in economic and monetary situation and medium term outlook 2019,” published by the Central Bank of Tunisia (BCT) on Wednesday, the foreign exchange reserves continued to consolidate, thanks notably to the mobilisation of external borrowing and strengthening of foreign direct investment.

The "retracement" of the dinar exchange rate, which began in March 2019, continued thanks to the improvement of the supply on the foreign exchange market. In fact, between January 1 and October 24, 2019, the dinar exchange rate appreciated by 9.1% and 5.1%, respectively, against the euro and the US dollar.

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