TUNIS, Aug. 24 (Xinhua) -- Tunisia's foreign currency reserves Tuesday recovered to 103 days of imports after receiving a 456-million-euro (538-million-U.S. dollar) loan from the World Bank, the Central Bank of Tunisia (BCT) announced on Thursday.
In mid-August, the Tunisian foreign currency stock was only enough for 90 days of imports. The BCT explained that pressures on trade balance and disruption in phosphate and petroleum production were the main cause of the lack of foreign exchange inflows.
Tunisian foreign currency reserves significantly decreased to 90 days of imports in the third quarter of 2012, due to socio-political turmoil in the country since January 2011 and the euro zone debt crisis.
According to the BCT, subsequent external financing has helped Tunisian foreign currency reserves stay at average levels, above 100 days of imports, since December in 2012 until now.
