Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Tunisia tourist revival a rare bright spot for crisis-hit economy

Tunisia tourist revival a rare bright spot for crisis-hit economy

TUNISIA is set for a strong tourist season with visitor numbers nearing pre-pandemic levels, a government official told Reuters, bringing some badly needed foreign currency into an economy mired in crisis as bankruptcy threatens state finances. Tourism typically accounted for around 7% of Tunisia's gross domestic product but visitor numbers collapsed during the COVID pandemic, putting extra strain on an economy that was already in trouble. However, authorities now expect about 8.5 million tourists this year, 90% of the 9.4 million in 2019, the last year before the pandemic, and a big jump from the 6.4 million last year, Tourism Ministry official…
Read More
Tunisia’s foreign currency reserves rise to $8 billion

Tunisia’s foreign currency reserves rise to $8 billion

TUNISIA'S foreign currency reserves rose to $8 billion, or 130 days' worth of imports, boosted by a rise in remittances from workers abroad and a $700 million loan from the Africa Export Import Bank, central bank figures showed. Last week Tunisia's reserves were equivalent to 115 days of imports. Tourism revenues from the beginning of this year until April 10 also increased 48% compared with the same period last year, to reach 600 million dinars ($200 million). Tunisia, which is experiencing a severe financial crisis, is hoping that remittances from workers abroad and the vital tourism sector will help prevent…
Read More