Tunisia's Foreign Exchange Reserves Drop to $8 Billion

Tunisia's foreign exchange reserves fell sharply to 23.15 billion dinars (about $7.98 billion) as of 14 July 2026, reducing import coverage to 92 days. This follows a steep decline from 25.07 billion dinars (≈$8.65 billion) recorded on 10 July, a loss of roughly 1.9 billion dinars (≈$655 million). The drop coincides with the repayment of a €700 million sovereign euro‑bond issued in 2019, which carries a 6.375 % annual interest rate and removed around 2.38 billion dinars (≈$821 million) from reserves. Earlier in July, reserves had fluctuated between 24.5 billion and 25 billion dinars, providing 97–99 days of import coverage, indicating the fragility of Tunisia’s external financing structure.