Sad Record: The Tunisian Diaspora Pays 64% Of the Country’s External Debt!

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According to the monetary and financial indicators published on August 30, 2021, by the Central Bank of Tunisia (CBT), the transfers from the diaspora amount to 4,997.3 million dinars which represent 25.2% of the reserves in foreign currency (19,822.4 million dinars) while exceeding by 329.7% the receipts of tourism which are of the order of 1,515.8 million dinars.

In addition, transfers from the diaspora amount to 64.2% of the cost of repaying the external debt, estimated at 7,784.8 million dinars. This is a sad record never reached in view of the official statistical series…

Note that according to statistical data from the National Institute of Statistics and the Agency for the Promotion of Investment and Innovation, exports and outstanding foreign direct investment experienced falls at the end of July. unpublished. Thus, transfers from the diaspora currently represent the first component of the country’s foreign exchange reserves which are, according to the CBT, mainly constituted by external credits …

According to a conjuncture note published last February by the CBT, the income of Tunisians living abroad (in cash), expressed in euros, increased in 2020.

Foreign currency transfers in 2020 reached, as such, a historic record of 1.789 billion euros (approximately 5.2 billion dinars), after 1.584 billion euros a year earlier and 1.230 billion euros. in 2010.