Central Bank of Tunisia Circular No. 2018-11 to Banks dated November 6, 2018

1 Tunis, November 6, 2018 CIRCULAR TO BANKS NO. 2018-11 OBJECT: Revision of the scales and deadlines for cereal crop credits. 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 credits, as amended by subsequent texts; Having regard to the opinion of the Compliance Control Committee No. 9-2018 dated October 30, 2018, issued pursuant to Article 42 of Law No. 2016-35 and notably its second paragraph regarding circulars with an urgent character. Decides: Single Article: The provisions of paragraph "a" concerning the scales for cereal crop credits set out in Annex I to the aforementioned Circular No. 87-47 regarding the scales and deadlines for seasonal crop credits are amended as follows:

2 (1) This scale constitutes a ceiling. The amount of credit 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