Regulatory Alerts2017-03-10
Central Bank of Tunisia Circular No. 2017-02 to Banks dated March 10, 2017
The Central Bank of Tunisia issued Circular No. 2017-02 to establish the comprehensive operational framework for implementing its monetary policy, designating the overnight interbank rate as the primary target. The circular mandates that eligible banks access liquidity through main, longer-term, fine-tuning, and structural operations, utilizing negotiable and non-negotiable assets as collateral under the CAER system. It further standardizes standing facilities, mandatory reserve calculations and remuneration, and repeals prior conflicting regulations to ensure price stability and financial system efficiency.
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