The foreign exchange reserves of the Central Bank of Tunisia (BCT) stood at 100 days of imports on June 23, 2023, the equivalent of TND 23.1 billion, according to the BCT's daily monetary and financial indicators. Since the beginning of the year, Tunisia's ability to cover its imports has declined, while several economists expected that Tunisia would face difficulties in covering its imports, notably with the blocking of the agreement with the International Monetary Fund (IMF), estimated at $1.9 billion. The number of days of imports stood at 98 on June 22, 2023, following the securing of TND 424 million, compared with 122 days of imports on the same date in 2022. At its meeting on June 16, 2023, the BCT's Executive Board reported an improvement in foreign exchange reserves, which reached TnD 22.8 billion on June 14, 2023, equivalent to 97 days of imports, compared with 93 days at the end of April 2023. This improvement is explained by the disbursement of the first instalment of the loan granted by the African Development Bank (ADB) and approved at the beginning of June 2023 by the Assembly of People's Representatives.
Source: Agence Tunis Afrique Presse