BCT intervention in monetary market to inject liquidity drops 23.2%

The Central Bank of Tunisia (BCT)'s intervention in the monetary market to inject liquidity into banks dropped 23.2% (- TND 2.197 million) from TND 9.452 million at the end of 2022 to TND 7.255 million in 2023.This intervention takes the form of seven-day tenders which account for 79.9% of overall outstandings by late 2023 - a total of TND 5.8 billion compared to TND 7.1 billion a year earlier, that is a 18.3% drop (-TND 1.3 million), according to the BCT report on "Financial Statements for 2023 and the Auditors' Report" released on July 3.This trend was fueled by lower overight loan facilities which fell TND 1.422 million to TND 811 million from one year end to another.The outstanding amount of the refinancing operation (one month) shrank from TND 930 million at the end of 2022 to TND 644 million at the end 2023 (- TND 286 million).This 51-page report was submitted by Governor Fethi Zouhair Nouri last June 28 to President Kaïs Saïed.Source: Agence Tunis Afrique Presse