Regulatory Alerts2025-02-24
Circular to Approved Intermediaries No. 2025-05 of February 24, 2025
The Governor of the Central Bank of Tunisia, through Circular No. 2025-05 dated February 24, 2025, authorizes approved intermediaries to issue tourist allocations in Saudi Riyal banknotes at dedicated counters starting February 25, 2025, to facilitate pilgrimages for the 1446 Hijri campaign. The circular extends the validity period for foreign currency export authorizations to a maximum of four months from issuance and permits intermediaries to fund these allocations using available balances or direct supplies from central bank branches. Furthermore, it mandates that intermediaries submit daily duplicate reports using a standardized annex model to track tourist allocation disbursements throughout the 2025 pilgrimage season.
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