Reserves at the Central Bank of Tunisia continue to fall and now cover 71 days of imports, according to data published by the institution on August 2.
Lower net assets in foreign currency are making it harder for the central bank to respond to the economic woes afflicting the country. The Tunisian dinar has depreciated by 9.7% against the US dollar since the beginning of 2018, reaching 2.72 today (August 3).
As a knock-on effect, imports have become more expensive and inflation has risen. The