Tunisie : Si la situation persiste, l’euro frôlera, d’ici juin, les 4 dinars

Tunisie : Si la situation persiste, l’euro frôlera, d’ici juin, les 4 dinars

I think the country has entered a dangerous circle. If the current rate of slippage continues, the euro will graze, by June 2019, 4 dinars. This level is very dangerous for the national economy and for the stability of the country ", worried, the academic and president of the Circle of the Tunisian financiers (CFT), Abdelkader Boudriga.
Indeed, in an interview with the TAP agency, the academic was very pessimistic about the situation of the Tunisian dinar, which exceeded 3,300 dinars in the interbank market, at the meeting of November 7 2018.

Given this, the specialist in economics proposes the temporary anchoring of the Tunisian dinar to the euro, "to break the dangerous circle in which the country may sink." "The dinar's slide has been going on for more than a year and a half (since April 2017), with an average monthly rate of 2%," he said.

The anchoring of the dinar to the euro
"Nothing hints so far to reverse this trend, especially in the face of the erosion of foreign exchange reserves, a forecast of inflation of around 7.6%, for the current quarter, a record increase of trade deficit, continued deterioration in productivity, and IMF restrictions on BCT support for the dinar, "he explained.

Faced with the current situation of the economy, Boudriga thinks that "this rate of depreciation can not be interrupted, only through two exceptional measures: the anchoring of dinar to the euro, or a drastic depreciation that brings the dinar at its fair