Central Bank of Tunisia Circular No. 2019-06 dated October 14, 2019

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Tunis, October 14, 2019

CIRCULAR TO BANKS NO. 2019-06
SUBJECT: Revision of the rates and deadlines for cereal crop loans.

The Governor of the Central Bank of Tunisia,
Having regard to Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia; Having regard to Law No. 2016-48 of July 11, 2016 concerning banks and financial institutions; Having regard to Circular No. 87-47 of December 23, 1987 concerning the procedures for granting, monitoring and refinancing loans, as amended by subsequent texts; Having regard to the opinion of the Compliance Control Committee No. 10-9102 dated October 2, 2019 as provided for in Article 42 of Law No. 2016-35, particularly its second paragraph regarding circulars of an urgent nature.

Decides:
Single Article: The provisions of paragraph "a" regarding the rates for cereal crop loans set out in Annex I to Circular No. 87-47 cited above, concerning the rates and deadlines for seasonal crop loans, are amended as follows:

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(1) This rate constitutes a ceiling. The loan amount disbursed by the bank must be adjusted according to the size of the farm, the expenses to be incurred and the yields achieved during recent campaigns.

THE GOVERNOR
Marouane EL ABBASSI

Speculation Unit
Intervention Rate in dinars (1)
Deadline or campaign duration
Dryland Irrigated a/ Cereal crops
 durum wheat, soft wheat and legumes
 zone 1 Ha 0.101 } 1.035 } August 31
 zone 2 Ha 0.533
 Barley
 zone 1 Ha 0.93
 zone 2 Ha 3.53 } August 31
 zone 3 Ha 9.43
 Fodder crops
 winter Ha 5.43 August 31
 summer Ha 10.51 September 30