De-cashing to start in June 2019 (El Abassi)
07/12/2018 16:19, TUNIS/Tunisia

(TAP) - "De-cashing", a system to limit the circulation of cash in the country and to bar the road to the informal economy, should start in June 2019, according to the governor of the Central Bank of Tunisia (BCT) Marouane El Abassi.

The bank began work on this project two years ago, he said in a statement to TAP, on the sidelines of the Business Days in Sousse.

A de-cashing committee has been set up to develop a payment platform and payment legislation. The banking system and telecom operators are expected to act together on the technical side and interoperability. The circular for this project should come into force before the end of the year.

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