Macroeconomic Forecast Tunisia - Macroeconomic Forecasts

The total stock of foreign currency reserves in Tunisia came in at TND10.2bn (US$6.8bn) in March, accounting for approximately three months of imports, and raising concerns surrounding the stability of the dinar. However, as a result of our expectation that there will be an influx of foreign aid in 2012, the country will likely avoid a balance of payment crisis. We project total foreign reserves coming in at TND7.5bn at end-2012, a 10.0% y-o-y increase.

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