Regulatory Alerts2018-11-28
Central Bank of Tunisia Circular No. 2018-12 dated November 28, 2018
The Central Bank of Tunisia issued Circular No. 2018-12 to establish the regulatory framework, procedures, and definitions for liquidity exchange within the dinar interbank market. The circular mandates banks to continuously display indicative interest rate quotes, designate qualified officers for quote approval, and report transactions through designated electronic systems by specified daily deadlines. It further defines the calculation methodologies for the overnight average interest rate (TM) and the Tunisian Interbank Offered Rate (TUNIBOR), establishes a contributing bank panel, and sets out compliance measures and an effective date of January 2, 2019.
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