Information from the Tunisian central lender confirmed on Thursday that the Tunisian dinar fell to a new all-time low against the greenback, which threatens to erode the country’s foreign exchange reserves and could boost the price of servicing debt and widen the spending plan deficit. .
The weakening of the dinar even further deteriorated the obtaining energy of Tunisians.
According to the Central Bank, the dinar was buying and selling at 3.225 against the greenback on Wednesday, down 16% from past yr.
Previous May possibly the selling price of the dinar reached the level of 3.101 for the initial time, below the force of high inflation, the tightening of the trade deficit and the weighty repercussions of the Ukrainian disaster on general public funds.
The country’s annual inflation rate rose to 8.6% in August, the greatest stage in approximately a few many years.
(Reuters)
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