Opening of Foreign Currency Accounts for Tunisians: A Positive Initiative with Potential Risks
The introduction of foreign currency accounts for Tunisians residing in Tunisia, as stipulated in Article 81 of the 2026 Finance Bill, is deemed a positive initiative by experts. However, it may pose risks if certain precautions are not taken.
According to Abdelkader Boudriga, a professor of financial economics at the University of Tunis, this measure meets the expectations of a large segment of the population, particularly young people. Nevertheless, it could have negative consequences, such as money laundering, if safeguards are not put in place.
Boudriga emphasizes the need to set a cap on transfers to these accounts and suggests that 50% of the funds be converted into dinars to strengthen foreign exchange reserves. He also highlights the importance of reviewing the allocation of the tourist bonus or defining strict conditions for its payment to beneficiaries of foreign currency accounts.
The professor warns that the complete transfer of the tourist bonus to these accounts could significantly increase the use of foreign currencies, putting pressure on the financial system and control mechanisms. He calls for a comprehensive reflection on the practical implications of this measure as part of a strategy to economically empower young people.
Key points to consider:
- Setting a cap on transfers to foreign currency accounts
- Converting 50% of funds into dinars to strengthen foreign exchange reserves
- Reviewing the allocation of the tourist bonus to prevent abuse
- Defining strict conditions for the payment of the tourist bonus to beneficiaries of foreign currency accounts
- Conducting a comprehensive analysis of the measure's practical implications to ensure its success and minimize potential risks.
