Regulatory Alerts2020-12-30
Circular to Banks and Financial Institutions No. 2020-21 of December 30, 2020
The Central Bank of Tunisia issued Circular No. 2020-21 on December 30, 2020, extending key exceptional financial support measures for enterprises and professionals due to the COVID-19 pandemic. The directive extends loan deferment periods until September 2021 and the maximum eligibility window for exceptional financing until December 2021, while permitting banks to continue granting such financing to non-resident Tunisian enterprises and accepting it as money market collateral. Additionally, the circular formally repeals Circular No. 19 of 2020 regarding support for tourism and traditional industry sectors, with all provisions taking effect upon publication.
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