Regulatory Alerts2020-06-30
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Circular to Approved Intermediaries No. 2020-16 of June 30, 2020
The Governor of the Central Bank of Tunisia issued Circular No. 2020-16 to authorize Approved Intermediaries to process tuition-related stay cost transfers for students abroad during July and August 2020. This measure, effective from July 1, 2020, applies exclusively to students residing overseas during those months and permits such transfers despite contrary provisions in Circular No. 93-10. Intermediaries must execute these transfers for clients under their jurisdiction and report them to the Central Bank using the standard information forms.
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