Tunisia’s foreign exchange reserves fall to the lowest level in 3 years

Tunisia’s foreign exchange reserves fall to the lowest level in 3 years

Foreign exchange reserves in Tunisia fell to 21. 9 billion Tunisian dinars ($ 6. 7 billion) until Monday, covering 99 days of supply operations, compared to 125 days ago.
This is the slightest decline in the foreign exchange reserves of Tunisia for nearly 3 years, at a time when the country suffers from a worsening financial crisis that threatens its imports of sensitive materials.

Tunisia hopes to revive public finances after reaching an agreement with the International Monetary Fund at the level of experts on a loan program worth $ 1. 9 billion, paying installments over 48 months compared to a package of fundamental reforms of the economy.
The agreement is awaiting the approval of the Fund’s Board of Directors at a meeting next December..

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