Cash Circulation in Tunisia Reaches Record High in 2025
Exceeding 26.8 Billion Dinars, with a Significant Increase from Last Year
According to the latest data published by the Central Bank of Tunisia, the circulation of banknotes and coins in Tunisia has reached an unprecedented level in 2025, surpassing 26.8 billion dinars. This represents a substantial increase from the previous year, with a growth rate of 19% from December 2024 to December 2025, compared to 8.4% from December 2023 to December 2024.
Key Statistics:
- The total volume of fiduciary money in circulation stood at 26.876 billion dinars as of December 2025, up from 22.594 billion dinars in December 2024, representing an annual increase of 4.282.1 billion dinars.
- Banknotes continue to dominate the structure of the circulating monetary mass, accounting for nearly 98% of the total, highlighting the persistent prevalence of cash in payment habits in Tunisia.
Context and Implications:
The data released by the Central Bank of Tunisia comes at a time when cash circulation remains a crucial indicator of informal economic activity and consumption habits, amidst a limited adoption of electronic payment methods. The significant increase in cash circulation suggests a renewed demand for liquidity, underscoring the importance of understanding the dynamics of cash usage in Tunisia's economy.
Key Takeaways:
- The growth rate of cash circulation has accelerated, with a 19% increase from December 2024 to December 2025, compared to 8.4% from December 2023 to December 2024.
- Banknotes continue to dominate the circulating monetary mass, with a share of nearly 98%.
- The data highlights the need to understand the dynamics of cash usage in Tunisia's economy, particularly in the context of informal economic activity and limited adoption of electronic payment methods.
