Tunisia Sees 17.6% Increase in Circulating Money Supply
The circulating money supply in Tunisia has recorded a 17.6% increase, rising from 22,111 million dinars to 26,003 million dinars, according to the latest data published by the Central Bank of Tunisia.
Financial analyst Bassem Neifar explained that this increase is particularly noticeable as festive periods and seasonal events approach (holidays, back to school, vacations, start of the administrative year), specifying that the figure, although high, remains within normal limits.
"The increase in the money supply also reflects the growth in bank credits, with a total of 2,357 million dinars over nine months, part of which is put into circulation in the form of liquidity," he also specified, in a statement given to Express Fm.
According to Neifar, the growth of the wage bill also contributes to this increase, as salaries are mostly withdrawn and circulate in cash. Additionally, some operations that were previously carried out by check are now being done in cash.
The analyst further emphasized that the informal economy is not the primary cause of this increase, and that the use of electronic payment methods remains limited. "A large part of Tunisians continues to prefer cash payments, despite the available facilities, and a significant number of citizens are not yet integrated into the banking and postal system," he added.
This situation highlights, according to the analyst, the persistent challenges of financial inclusion in Tunisia and the cultural preference for cash transactions, despite efforts to modernize the payment system.
