Regulatory Alerts2019-10-14
Central Bank of Tunisia Circular No. 2019-07 of October 14, 2019
The Central Bank of Tunisia issued Circular No. 2019-07 to amend the regulatory framework for natural persons exercising manual foreign exchange activities through newly opened exchange offices. The circular establishes personal and non-transferable authorization requirements, mandates specific premises visibility, electronic currency displays, and robust software for real-time multi-office cash tracking. It further imposes strict record-keeping, a 200,000 dinar per-office cash ceiling, mandatory deposits into single approved intermediary accounts, and monthly electronic reporting via the Data Exchange System.
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