Circular to Banks No. 2020-18 of September 18, 2020

1 Tunis, September 18, 2020 CIRCULAR TO BANKS NO. 2020-18 SUBJECT: Revision of rates and deadlines for cereal crop loans.

The Governor of the Central Bank of Tunisia, Having regard to Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia, Having regard to Law No. 2016-48 of July 11, 2016 on banks and financial institutions, Having regard to Circular No. 87-47 of December 23, 1987 on the procedures for granting, monitoring, and refinancing loans, as amended by subsequent texts, Having regard to the opinion of the Compliance Control Committee No. 2020-18 dated September 15, 2020, as provided for in Article 42 of Law No. 2016-35, particularly its second paragraph regarding circulars of an urgent nature.

Decides: Single Article: The provisions of paragraph "a" concerning the rates for cereal crop loans set out in Annex I to Circular No. 87-47 mentioned above, which cover the rates and deadlines for seasonal crop loans, are amended as follows:

(1) This rate constitutes a ceiling. The loan amount disbursed by the bank must be adjusted according to the size of the farm, the expenses to be incurred, and the yields achieved during recent campaigns.

THE GOVERNOR, Marouane EL ABASSI

Crop Speculation Unit Intervention Rate in dinars (1) Deadline or campaign duration Dryland Irrigated a/ Cereal crops  durum wheat, soft wheat and legumes  zone 1 Ha 1070 } 1380 } August 31  zone 2 Ha 875  Barley  zone 1 Ha 645  zone 2 Ha 605 } August 31  zone 3 Ha 230  Forage crops  winter Ha 750 August 31  summer Ha 1085 September 30