Regulatory Alerts2025-10-27
Circular to Authorized Intermediaries No. 2025-13 of October 27, 2025
The Governor of the Central Bank of Tunisia issued Circular No. 2025-13 to amend the financial settlement rules for imports and exports of goods. The circular repeals and replaces Articles 10, 11, and 12 of Circular No. 94-14, establishing that sales with settlement periods up to 120 days may use any payment method, while those between 121 and 360 days are freely executed if backed by a non-resident bank guarantee, an irrevocable documentary credit or stand-by letter of credit, a guaranteed bill of exchange, or export credit insurance. Sales exceeding 360 days or failing to meet those specific conditions remain subject to prior authorization from the Central Bank of Tunisia.
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