Tourism revenues up 8% to end-April 2024 (BCT)

Tunis: Tourism revenues have increased by 8% in the first four months of 2024, reaching TND 1.6 billion, compared to TND 1.5 billion at the end of April 2023, according to monetary and financial indicators released Tuesday by the Central Bank of Tunisia (BCT). Cumulative workers' remittances have also risen by 5%, from TND 2.2 billion to almost TND 2.4 billion currently. Net foreign exchange reserves reached TND 23.4 billion (equivalent to 107 days of imports) as of May 6, up from TND 21.8 billion (94 days of imports) a year earlier. The BCT indicators highlighted a 113% increase in cumulative external debt service, which rose from TND 3 billion at the end of April 2023 to TND 6.5 billion at the end of April 2024. The central bank also reported a 14.4% decrease in total refinancing volume, which now stands at TND 14 billion compared to TND 16.3 billion at the beginning of May 2023. Source: Agence Tunis Afrique Presse