Regulatory Alerts2021-07-06
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Circular to Banks No. 2021-04 of July 6, 2021
The Governor of the Central Bank of Tunisia issued Circular No. 2021-04 to amend the eligibility conditions and management procedures for the provisioning line refinancing rescheduling credits granted to COVID-19-affected SMEs. This circular repeals and replaces the initial interest rate provisions in Articles 6 and 8 of Circular No. 2020-14, establishing a fixed annual rate equal to the Central Bank's reference rate plus 2% for new contracts and matching that reference rate for existing ones. The amended provisions take effect immediately upon publication to ensure continued financial support for affected enterprises.
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