Cumulative external debt services down 17%, end of Q3 2020 (BCT)

October 7, 2020

TAP) - The cumulative external debt services dropped by 17% at the end of the third quarter of 2020 (Q3 2020), falling from 7.6 billion dinars to 6.2 billion dinars in September 2020, according to the monetary and financial indicators, published on Tuesday by the Central Bank of Tunisia (BCT).

The cumulative tourism revenues did not exceed 1.7 billion dinars, down by 59.7% end of September, against 4.3 billion dinars during the same period of 2019.

Regarding the net foreign currency assets, the BCT reported a significant increase of 17%, worth 21 billion dinars, as of October 5 (142 days of import), against 18 billion dinars in 2019 (101 days of import).

The BCT governor had explained at a recent press conference, the maintenance of this respectable level of foreign exchange reserves, despite the fall in tourism revenues (a shortfall of 2.5 billion dinars), by a sharp drop in imports and in the price of a barrel of oil which reduced the energy bill, and a decline in demand for foreign currency, for travel abroad.

'In addition to all these factors, income from work has remained at the same level as before the health crisis'.

Indeed, the cumulated labour income amounted to 4.1 billion dinars, a slight rise of 9% compared to the previous year.'


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