Tunisia’s Money Supply Rises 19% Since the Start of 2026
The Tunisian monetary base—comprising banknotes and coins in circulation—has increased by 19 % since the beginning of the year, surpassing 27.8 billion dinars as of 5 March 2026, according to the latest statistics released by the Central Bank of Tunisia.
Key Economic Highlights
- Foreign‑exchange earnings up 6.7 % in the first two months of 2026, reaching 1.4 billion dinars.
- Tourism revenues grew 4.8 % compared with the same period in 2025, topping 1 billion dinars, signalling a clear rebound in the sector.
Impact on Foreign‑Exchange Reserves
The direct consequence of these developments is a rise in Tunisia’s foreign‑exchange reserves:
- 23.2 billion dinars (equivalent to 102 days of imports) as of 6 March 2025.
- 25.1 billion dinars (equivalent to 106 days of imports) at present.
This increase reinforces the country’s financial stability and provides a larger buffer for import financing.
Outlook
The upward trend in the money supply observed over the past several months reflects a favorable economic momentum. However, it also underscores the need for vigilant monitoring to prevent potential inflationary pressures.
Keywords: Tunisia, money supply, Central Bank of Tunisia, foreign‑exchange reserves, tourism revenue, economic growth, inflation risk.
