Economy

Tunisian Central Bank Keeps Interest Rate Unchanged

Tunisian Central Bank Keeps Interest Rate Unchanged

The Tunisian central bank has urged the government to expedite the implementation of a set of reforms aimed at reducing violations and preventing further slippage in public finances in the future. It has decided to keep the interest rate unchanged at 6.25%, after reducing it by 50 basis points in October.

Additionally, the amount of circulating banknotes and coins has increased by 17%, reaching a value of $5.77 billion as of January 21, 2021, compared to the same period in 2020. The total interbank transactions also decreased by 43.4% to 1.4 billion dinars. The central bank announced a reduction in the total volume of refinancing by 28.7%, amounting to approximately $2.96 billion during the first three weeks of this month.

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