Regulatory Alerts2018-07-30
Central Bank of Tunisia Circular No. 2018-07 on Manual Foreign Exchange Activity by Natural Persons
The Central Bank of Tunisia issued Circular No. 2018-07 to authorize Tunisian resident natural persons to exercise manual foreign exchange activities by establishing dedicated exchange offices. The regulation mandates a prior written application supported by specific documentation, including a 50,000 TND first-demand bank guarantee and training certification, while restricting operations to the purchase and sale of convertible currencies against dinars for travelers and state personnel. Furthermore, it establishes strict operational frameworks, including mandatory reporting via the Data Exchange System, capped cash holdings of 200,000 TND, and the mandatory maintenance of single-currency exchange office accounts with approved intermediaries.