Cash in circulation up 16% in a year, outpacing savings, central bank data shows

According to Central Bank of Tunisia figures, banknotes and coins in circulation reached 29.357 billion dinars on 12 October, up about 16% from a year earlier. Cash has grown faster than prices, economic activity and savings, and now makes up 18.7% of the M3 money supply, up from 17.6% in December. The minimum savings rate was cut to 6% in January, leaving savings with little real return against September's 5.6% inflation rate.

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