Circular to Banks No. 2016-05 of October 5, 2016

1
Tunis, October 5, 2016
CIRCULAR TO BANKS NO. 2016-05
OBJECT: Revision of the credit schedules for cereal crops.

The Governor of the Central Bank of Tunisia,

• Having regard to Law No. 2016-35 of April 25, 2016 establishing the Statutes of the Central Bank of Tunisia;
• Having regard to Law No. 2016-48 of July 11, 2016 on banks and financial institutions;
• Having regard to Circular No. 87-47 of December 23, 1987 on the procedures for granting, monitoring, and refinancing of credits, as amended by subsequent texts;
• Having regard to the opinion of the Compliance Control Committee No. 4-2016 dated October 4, 2016, issued under Article 42 of Law No. 2016-35 and notably its second paragraph regarding circulars with an urgent character.

Decides:
Single Article: The provisions of paragraph 'a' concerning the credit schedules for cereal crops set out in Annex I to Circular No. 87-47 of December 23, 1987 (referenced above) on the schedules and maturities of seasonal crop credits are amended as follows:

2
(1) This schedule constitutes a ceiling. The amount of credit disbursed by the bank shall be adjusted according to the size of the farm, the expenses to be incurred, and the yields achieved during recent campaigns.

THE GOVERNOR
Chedly Ayari

Speculation | Unit (Ha) | Intervention schedule in dinars (1) [Dry / Irrigated] | Maturity or campaign duration a/ Cereal crops  durum wheat, soft wheat and legumes | Zone 1 | 975 / 1225 | August 31  Barley | Zone 2 | 730 / [blank] | August 31  Fodder crops (winter) | Zone 1 | 690 / [blank] | August 31  Fodder crops (summer) | Zone 2 | 510 / [blank] | August 31  Fodder crops (winter) | Zone 3 | 225 / [blank] | August 31  Fodder crops (winter) | Zone 1 | 615 / [blank] | August 31  Fodder crops (summer) | Zone 2 | 820 / [blank] | September 30