Figures of the Central Bank of Tunisia (BCT) showed that Tunisia's foreign exchange reserves are now TND21.219 billion (USD7.8 billion), equivalent to 141 days of imports.
Since the beginning of 2020, Tunisia secured several loans from foreign funding institutions including the International Monetary Fund.
Tunisia's economic growth shrank by 21.6 percent in the second quarter of 2020 compared to an increase of 2.1 percent in the same period last year.
The BCT governor Marwan al-Abbasi attributed this decrease to the drop in production in all sectors except the agricultural sector.
The Tunisian economy contracted by 11.9 percent of GDP during the first half of 2020, compared to the same period of 2019.
Tourism revenues relapsed by 60.7 percent to reach a value of TND1.647 billion (USD603 million), by September 20, the Central Bank of Tunisia revealed.
The country's tourism minister Habib Ammar expected that by the end of 2020, tourism revenues would drop by 70 percent.
The total of overnight stays, from Jan. 1 to Sep. 20, did not exceed 4.62 million overnight stays, registering a decrease of 79.5 percent.
During the past tourism season, the total of visitors reached 9.5 million. The sector’s revenues reached a minimum of TND5 billion (circa USD1.8 billion).
Tunisia's central bank cut its key interest rate by 50 basis points to 6.25 percent, aiming to stimulate investment and push faltering growth, a central bank official told Reuters.
