Tunisia's currency reserves near critical level, cover 93 days of imports

Tunisia's net foreign currency reserves stood at 24.18 billion dinars on 23 October, equivalent to 93 days of import cover, just above the three-month minimum international institutions including the IMF treat as the threshold for balance-of-payments vulnerability, according to the central bank's own daily count. Kapitalis noted the comfortable benchmark is four to six months of cover, well above today's level. Reserves have hovered near the lower threshold for months: the central bank reported 92 days of cover on 28 July, after repaying a 700 million euro Eurobond.

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