Macroeconomic Forecast Tunisia

Tunisia's exchange rate stood at TND1.1740/US$ at the time of writing, down from TND1.149/US$ in March. We see scope for further depreciation of the dinar against the dollar over the second half of the year, in line with our forecasts for a dollar bounce against the euro (with which the dinar is closely correlated). We are forecasting a year-end rate of TND1.225/US$.

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