Tunisia's Foreign Currency Reserves Rise, Driven By Tourism RecoverySource: www.export-egypt.com 9/19/2019, Location: Africa |
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Tunisia’s foreign currency reserves rose to the equivalent of 103 days of imports, official data showed , driven by a strong recovery of the tourism sector.
Central bank data showed the foreign currency reserves stood at at 18.37 billion dinars ($6.43 billion) against 10.80 billion dinars in the same period last year, the equivalent of only 69 days of imports. Tourism revenues rose from Jan. 1 through to Sep. 30 by 46% to 4 billion dinars with 6.6 million tourists so far compared to the same period last year. Tunisia expects to receive a record 9 million tourists by the end of 2019 after recovering from the impact of Islamist attacks targeting tourists in 2015. ($1 = 2.8574 Tunisian dinars) |
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