Expatriates’ remittances prevent the collapse of the national currency and improve cash reserves. They rose 11.2% in March to reach 1,427 million dinars, compared to 1,298 million in March 2020. Despite COVID-19 repercussions, Tunisians continue to supply the country with hard currency
The tourism sector, the most important source of foreign exchange, was severely affected by the pandemic as its revenues fell by 65% last year.
The net assets of the Central Bank in hard currency equals 21.8 billion dinars. The Central Bank seeks to come up with a plan to attract more of the Tunisians’ money abroad
Will Tunisian expatriates’ remittances continue to be an important source amid the financial difficulties?