The 2026 Finance Law introduces a significant change to Tunisia’s foreign exchange market, allowing Tunisian residents to hold accounts in foreign currencies or convertible dinars without needing prior approval from the Central Bank of Tunisia (BCT).
This reform, part of the Foreign Exchange and Foreign Trade Code (law 76-18 of January 21, 1976), is designed to simplify and modernize the regulatory framework for currency transactions, which had previously been seen as too restrictive for individuals and local investors.
Who Can Open These Accounts?
- Only Tunisian nationals who are residents in Tunisia are eligible to open these accounts.
- Accounts must be opened through authorized financial intermediaries.
How Can These Accounts Be Funded?
- Transfers from other accounts in foreign currencies or convertible dinars are permitted.
- Interest generated from funds placed with authorized intermediaries, according to rates set by the Central Bank of Tunisia (BCT).
- Annual tourism allocations are also allowed.
How Can Funds Be Used?
- These accounts can be used freely for:
- Making payments abroad.
- Withdrawing foreign currencies for travel purposes.
- Funding other accounts in foreign currencies or convertible dinars.
Key Considerations:
- Overdrafts are not permitted on these accounts.
- Interest earned on the accounts is subject to a small tax of 0.01%.
Practical Implications:
This reform enhances financial flexibility for residents and updates Tunisia’s exchange control laws. It also facilitates the internationalization of activities for both startups and local investors, helping to align with global trends and economic integration.
