Monetary Policy Interventions by the BCT Reach Record High in 2025
According to the "Financial Statements for the Year 2025 and Report of the Auditors" published by the BCT, the outstanding balance of monetary policy interventions on the monetary market has reached a record high of 8,264 million dinars (MD) as of the end of 2025, representing a 1.4% increase from 8,150 MD at the end of 2024.
This significant growth can be attributed primarily to the increase in intervention operations in the form of Treasury bond purchases with a six-month maturity, whose outstanding balance rose by 30.3% to 2,221 MD as of December 2025, up from 1,705 MD at the end of 2024.
Moreover, the main refinancing operation, which accounts for 64.1% of the total outstanding balance of loans to banks, recorded a 12.8% increase to reach 5,300 MD as of December 31, 2025, compared to 4,700 MD a year earlier.
Similarly, the outstanding balance of long-term refinancing operations with a one-month maturity decreased from 361 MD at the end of 2024 to zero as of the end of 2025, according to the same source.
Key Statistics:
- Outstanding balance of monetary policy interventions: 8,264 MD (1.4% increase from 2024)
- Increase in Treasury bond purchases with a six-month maturity: 30.3% (from 1,705 MD to 2,221 MD)
- Main refinancing operation: 5,300 MD (12.8% increase from 2024)
- Long-term refinancing operations: 0 MD (decreased from 361 MD in 2024)
