Introduction of a Major Measure for the Foreign Exchange Market in Tunisia
The Finance Law 2026 introduces a significant measure for the foreign exchange market in Tunisia, allowing Tunisian residents to hold accounts in foreign currencies or convertible dinars without prior authorization from the Central Bank of Tunisia (BCT). This reform, included in the Code of Foreign Exchange and External Trade (Law 76-18 of January 21, 1976), aims to simplify and modernize the regulatory framework governing foreign exchange transactions, which was previously considered too rigid for individuals and local investors.
Key Features of the Reform
The accounts in question must be opened exclusively with authorized financial intermediaries, which ensures the security of operations while eliminating the prior authorization procedure that previously applied to this type of account. Eligible residents can fund these accounts through several sources:
- Transfers from other accounts in foreign currencies or convertible dinars
- Interest generated by these accounts
- Annual tourist allowance
Freedom to Use Deposited Funds
The use of deposited funds is largely free. Account holders can make payments abroad, withdraw foreign currencies for travel, or fund other foreign currency accounts, all without additional intervention or authorization from the BCT. However, the opening of these accounts is subject to a few strict rules:
- They cannot have an overdraft
- The interest received is subject to a symbolic tax withholding of 0.01%, making it an attractive instrument for managing foreign currencies
Objectives and Benefits of the Reform
This measure is presented as a tool for modernizing and simplifying the legal framework, offering individuals and start-ups greater flexibility for internationalizing their activities and cross-border transactions. It could also encourage Tunisian investors to better manage their foreign currency assets and participate more actively in the digital economy and international trade.
Implementation and Entry into Force
The entry into force of this provision is scheduled for January 1, 2026, subject to the publication of implementing decrees that will specify the practical modalities for opening and using these accounts. This reform marks a historic turning point in the regulation of foreign exchange for Tunisian residents, combining security, flexibility, and modernization of the legal framework.
