Data from the Central Bank of Tunisia showed, on Thursday, that the Tunisian dinar fell to a new record low once morest the dollar, which threatens to erode the country’s foreign exchange reserves, and may increase the cost of debt servicing and widen the budget deficit.
The weakening of the dinar further deteriorated the purchasing power of Tunisians.
According to the Central Bank, the dinar was traded at the level of 3.225 once morest the dollar, on Wednesday, with a decline of 16 percent from last year.
Last May, the price of the dinar reached the level of 3.101 for the first time, under pressure from high inflation, the exacerbation of the trade deficit and the severe repercussions of the Ukrainian crisis on public finances.
The country’s annual inflation rate rose in August to 8.6 percent, the highest level in nearly three decades.
(Archyde.com)
