Circular to Banks No. 2026-11 of October 9, 2026

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Tunis, October 9, 2026
CIRCULAR TO BANKS NO. 2026-11
Subject: Implementation of the monetary policy of the Central Bank of Tunisia.
The Governor of the Central Bank of Tunisia,
Having regard to Law No. 2016-35 of April 25, 2016, fixing the status of the Central Bank of Tunisia, particularly its Articles 7, 8, 11 and 63, Having regard to Law No. 2016-48 of July 11, 2016, relating to banks and financial institutions, Having regard to Circular to Banks No. 2017-02 of March 10, 2017, relating to the implementation of the monetary policy of the Central Bank of Tunisia, as amended and supplemented by subsequent texts, Having regard to the deliberation of the Board of Directors of the Central Bank of Tunisia dated October 7, 2026, Having regard to the opinion of the compliance control committee No. 2026-11 of October 8, 2026, as provided for by Article 42 of Law No. 2016-35 of April 25, 2016, fixing the status of the Central Bank of Tunisia. Decides:
Article 1 - Annex II.3 of Circular No. 2017-02 of March 10, 2017, mentioned above, is repealed and replaced by the Annex to this Circular.

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Article 2 - This Circular shall enter into force as of November 1, 2026.
The Governor,
Fethi Zouhaier NOURI

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Annex to the Circular of the Central Bank of Tunisia No. 2026-11 of October 9, 2026
ANNEX II.3 (NEW) TO THE MANUAL OF MONETARY POLICY OPERATIONS
MODEL FOR MANDATORY RESERVE DECLARATION
Mandatory Reserve for the month of......
Codes of items of the
Monthly
Accounting
Statement
Description
Initial or contractual duration
Amount (in thousands of dinars)
Less than 3 months 3 months or more and less than 24 months 24 months or more rate amount rate amount rate amount P02010000 (1) Demand accounts 3% - - P02990000 (1) Other sums due to customers 3% - - P02021000 (2) Special savings accounts 0% P02029900 (2) Other savings accounts

• 0% 0%
  P02030000 (1) Time deposits, treasury bills and other financial products
• 0% 0%
  P03000000 (1) Certificates of deposit 0% 0% 0% II/ Required amount of the mandatory reserve III/ Average daily credit balance of the current account at the Central Bank of Tunisia from the 1st day to the last day of the month following the month concerned by the mandatory reserve declaration IV/ Surplus (+) or shortfall (-) for the period (III-II) Given the recorded shortfall, the Central Bank of Tunisia is authorized to debit our current account by the amount of …………… dinars representing the interest accrued at the rate of the lending facility for the month of constitution ….% increased by 2.5 percentage points. (1) Dinars columns of the monthly accounting statement. (2) Annex 9 to Circular to Banks No. 93-08 of July 30, 1993 for amounts in dinars only. Authorized Signature