Alternative Africa

Top Menu

  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

Main Menu

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

logo

Alternative Africa

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
  • France to counter rising Chinese influence in Africa with generous, efficient aids

  • Zimbabwe reports impressive growth in production in 2020 despite Covid-19

  • Covax delivers 12 million vaccines doses to 17 African countries for vaccination

  • UK to cut aid to Nigeria, other African countries by more than 50%

  • All you need to know about the side effects of COVID-19 vaccine

BusinessNews Now
Home›Business›Tunisia’s trade deficit rises to a record $5.28 billion

Tunisia’s trade deficit rises to a record $5.28 billion

By alternativeafrica
November 11, 2017
627
0
Share:

Tunisian president Beji Caid Essebsi. Pic: Fethi Belaid / AFP

London. Nov 11, 2017, (AltAfrika)-Tunisia’s trade deficit widened by 23.5 percent year-on-year in the first 10 months of 2017 to 13.210 billion dinars ($5.28 billion), a record level, the State Statistics Institute said on Friday.

The deficit was 10.710 billion dinars in the same period last year and 12.6 billion dinars in all of 2016.

It widened after imports rose by 19.6% to 40.850 billion dinars.

The growing deficit is one of the main problems facing the government of Prime Minister Youssef Chahed.

Erosion of foreign currency reserves

It has contributed to an erosion of Tunisia’s foreign currency reserves, which can now cover just 93 days of imports.

“The trade deficit reached an historic and dangerous level, we must stop bleeding,” central bank Governor Chedli Ayari told reporters.

Last week, the central bank ordered local lenders to stop financing imports of about 220 products – from fish to perfume – as the country tries to curb its trade deficit.

Praised for its successful democratic transition after a 2011 uprising, Tunisia has struggled with tough economic reforms to reduce public spending agreed with its international lenders.

Last month, the prime minister’s economic adviser, Ridha Saidi, told Reuters the government would raise taxes on some goods imported from abroad, such as cosmetics and some agricultural products, to help narrow the trade deficit.

Reuters

 

SHARE ON:
Previous Article

Opinion: Fight against corruption in Nigeria…so far…so ...

Next Article

Tunisia extends state of emergency for three ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

alternativeafrica

Related articles More from author

  • News Now

    Cameroon: Amnesty International Calls for End to Violence

    June 14, 2018
    By VJ Africa
  • Breaking NewsNews Now

    Al-Shabab Raid On Somalia Military Base Kills Several Soldiers

    June 2, 2018
    By VJ Africa
  • News Now

    Nigeria: 60 die in Ogun road accidents in two months

    March 15, 2018
    By alternativeafrica
  • News Now

    Zimbabwe: Pres. Emmerson Mnangagwa reshuffles top ranks of civil service

    September 20, 2018
    By VJ Africa
  • AfricaBusinessEditorialsNews Now

    One Year On, Africa Free Trade Deal Nears Reality

    March 7, 2019
    By alternativeafrica
  • News Now

    Nigeria: How we were duped of N150 million by Aso Villa impostor-Chicason Group

    January 9, 2019
    By alternativeafrica

Leave a reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You might be interested

  • BusinessNews Now

    Nigeria: Ebonyi state to construct $4 m solar power factory

  • AfricaHealthNews Now

    Egypt to offer home made covid-19 drug, Remdesivir for public sale at $42.55

  • AfricaBusinessNews Now

    Sub-Saharan Africa Pay TV Revenues To Reach $7.72 Billion by 2024, Up by $2.3 Billion on 2018

Timeline

  • March 7, 2021

    France to counter rising Chinese influence in Africa with generous, efficient aids

  • March 7, 2021

    Zimbabwe reports impressive growth in production in 2020 despite Covid-19

  • March 7, 2021

    Covax delivers 12 million vaccines doses to 17 African countries for vaccination

  • March 6, 2021

    UK to cut aid to Nigeria, other African countries by more than 50%

  • March 6, 2021

    All you need to know about the side effects of COVID-19 vaccine

  • Popular

  • Comments

  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Morocco begins regional integration by connecting Casablanca Airport with High Speed Train

    By alternativeafrica
    January 4, 2020
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Nigeria: 32,000 capacity Lagos rice mill to start production in 2020

    By alternativeafrica
    December 23, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack followed a ...
AlternativeAfrica.com is an independent Pan African News Website dedicated primarily to influencing the negative narratives about Africa. We hope to do this by focusing and showcasing the many developmental strides sweeping across the continent.

Read more >>>

Contact Info

  • info@alternativeafrica.com
  • Recent

  • Popular

  • Comments

  • France to counter rising Chinese influence in Africa with generous, efficient aids

    By alternativeafrica
    March 7, 2021
  • Zimbabwe reports impressive growth in production in 2020 despite Covid-19

    By alternativeafrica
    March 7, 2021
  • Covax delivers 12 million vaccines doses to 17 African countries for vaccination

    By alternativeafrica
    March 7, 2021
  • UK to cut aid to Nigeria, other African countries by more than 50%

    By alternativeafrica
    March 6, 2021
  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Macron in Ivory Coast to launch anti-terrorism academy

    By alternativeafrica
    December 21, 2019
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...

Photostream

    Follow us

    • Home
    • About Us
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © Copyright Alternative Africa 2019. All rights reserved.