Convertibility for current transactions
Article Abstract:
The Moroccan dirham and the Tunisian dinar became convertible currencies in Jan 1993. The dirham is freely convertible at an exchange rate of nine to the dollar, while the dinar trades at .916 to the dollar. The dirham is freely convertible for a wide variety of exchange categories including investment, trade, insurance, travel, tourism, education and medical treatment. The Tunisian currency is not as easily converted but steps have been taken to improve its use for business and tourism.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1993
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Currency convertibility
Article Abstract:
Algeria, Morocco and Tunisia have been planning to make their currencies convertible worldwide and each has followed different approaches. There are certain vital preconditions to making this type of change which include internal and external fiscal balance, adequate monetary reserves and removing price controls as an incentive to market activity. The experiences of all three countries using different processes to make this policy shift are presented.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1993
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IMF recommends accelerated, broader structural reforms, further fiscal consolidation
Article Abstract:
The International Monetary Fund (IMF) recommends reforms to Tunisia to strengthen its economic growth. The Executive Board of the IMF also praised the country for its macroeconomic stability and calls for structural reforms and fiscal consolidation in the Tunisian economy to achieve medium-term growth and employment targets. The board also asked the Tunisian government to enhance its action towards data dissemination and data provision to the IMF.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1997
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