Central Bank of Tunisia (BCT) Announces Revision of Foreign Currency Transfer Limits and Terms for Academic Study and Training Abroad
The Central Bank of Tunisia (BCT) announced on Friday a revision of the limits and terms for foreign currency transfers for academic study and training expenses abroad, in accordance with a new circular.
Key Changes
- The amount allocated for installation expenses has been increased from 4,000 to 6,000 dinars per academic or school year.
- The monthly allowance for living expenses has been set at 4,000 dinars, up from 3,000 dinars previously.
- Academic training programs abroad are now eligible for transfers, whereas they previously required special authorization and were not covered by the old circulars.
Transfer Methods
The BCT specifies that transfers can be made by wire transfer, check, or international payment cards in the name of the recipient, dedicated to installation and living allowances.
New Guarantees
The circular introduces new guarantees, including:
- Students can submit a simplified application with provisional documents in the absence of a certificate of enrollment, provided they regularize their situation within three months.
- In the event of a visa refusal or abandonment of studies, transferred funds must be recovered within 15 days and returned in dinars within a maximum of 60 days.
