Regulatory Alerts2018-12-26
Circular of the BCT to Approved Intermediaries No. 2018-15 dated December 26, 2018
The Governor of the Central Bank of Tunisia issued Circular No. 2018-15 to repeal and replace Article 6 of the June 1992 circular governing foreign currency money market operations. The updated provision authorizes approved intermediaries to deploy non-transferable foreign currencies from resident and non-resident clients into eight specific uses without prior authorization, including local money market investments, correspondent placements requiring minimum A-2 short-term ratings, state financing, and trade-related funding. The circular takes effect immediately upon notification to ensure streamlined foreign currency liquidity management across Tunisia's financial sector.
Share