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Tunisia to limit import of some goods to tackle trade deficit
(MENAFN) Tunisia will restrict import of some goods in order to tackle its widening trade deficit and protect global reserves as the regional dinar currency slides to historic lows against the euro and dollar.
However, the country has suffered to progress with hard economic reforms to cut public spending as needed by the IMF and its international partners.
Meanwhile, Tunisia's trade deficit grew by 57 percent to hit USD1.86bn in the first quarter of the year due to jump in imports.
On the other hand, the local currency has continued its fall since Finance Minister proclaimed that the Central Bank would cut interventions so that the value of dinar declines gradually.
However, the country has suffered to progress with hard economic reforms to cut public spending as needed by the IMF and its international partners.
Meanwhile, Tunisia's trade deficit grew by 57 percent to hit USD1.86bn in the first quarter of the year due to jump in imports.
On the other hand, the local currency has continued its fall since Finance Minister proclaimed that the Central Bank would cut interventions so that the value of dinar declines gradually.
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