• About Us
  • Readers Write
  • Our People
Carthage Magazine
  • Home
  • Things to Do
    • Leisure
  • Food & Drinks
    • Taste Tunisia
  • People
    • Interviews
    • No Sugarcoating
    • Environment
  • Style & Travel
    • Attractions
    • Trip Planning
      • Travel Information
      • Hotels in Tunisia
      • Cost of Living
      • Tunisia’s Language
      • Tunisia’s Weather
      • Tunisia’s Currency
      • Tunisia’s Visa
    • Transport in Tunisia
      • Traveling Around
      • Local Transport
      • Flights to Tunisia
      • Ferries to Tunisia
      • Tunisia Overland
  • Local History
    • Museums
    • Monuments
    • Heritage Sites
    • Historical Figures
  • Education
  • Tech & Startups
  • Editors’ Picks
News

Tunisia is Experiencing Record-High Remittances1 min read

By Contributing Editor August 6, 2022
Written by Contributing Editor August 6, 2022
Tunisia Record-High Remittances

According to the Central Bank of Tunisia, remittances from Tunisians abroad up to TND 4.9 Billion in 2022.

Remittances have become an increasingly important source of foreign currency for Tunisia, particularly following the hit to tourist revenues caused by covid-19 and the subsequent blow to Russian and Ukrainian tourism. The value of remittances has picked up steadily since the pandemic, with inflows during the previous fiscal year reaching a record.

The Central Bank of Tunisia said on Friday that remittances from Tunisians working abroad recorded about TND 4,879 billion in 2022 thus far, with an increase of nearly 640 million and at a rate of 15,1% percent, compared to 4.239 billion in 2021.

Vital Hard-Currency Source

Tunisians who are living and working in Europe are believed to be sending home the lion’s share of remittances to Tunisia. Comes ahead of tourism industry, remittances serve as Tunisia’s highest source of hard currency.

Why is it important for Tunisia?

“The money comes in the forms of banking transfers, and subsequently the official banking system in Tunisia receives these remittances,” Marouane EL ABASSI, Governor of the Central Bank of Tunisia, tells Reteurs.

“These remittances are sent in US Dollars and Euro,” yet the vast majority of recipients receive their transfers in Tunisia’s currency and the greenback eventually “reaches the central bank through the interbank [system], which increases the foreign reserves,” he says.


If you would like to comment on this article or anything else you have seen on Carthage Magazine, leave a comment below or head over to our Facebook page. You may also message us via this page.

And if you liked this article, sign up for the monthly features newsletter. A handpicked selection of stories from Carthage Magazine, delivered to your inbox.

0 comment
2
FacebookTwitterEmail
Contributing Editor

Contributing Editor account at Carthage Magazine. Tunisia's premier English general-interest Magazine with thousands of page-views per month and over 200,000 social media followers.

previous post
The Jews of Tunisia: History of the Jews in Tunisia
next post
What is a Debt Audit & How Might it Work in Tunisia?

Related Articles

What is a Debt Audit & How Might...

August 6, 2022

INSAT Signs Strategic Cooperation with Oakland University

July 28, 2022

Tunisia Referendum: Tunisian Voters Back New Constitution

July 26, 2022

7 Tunisian Universities Sign Cooperation Agreements with Oakland...

July 8, 2022

Tunisia’s Tennis Star Ons Jabeur Reaches Wimbledon Final

July 7, 2022

Fed Up with the Waste, Djerba Is Going...

July 3, 2022

Ons Jabeur Becomes the Highest Ranked African &...

June 28, 2022

Ons Jabeur Rises to New Career-High No. 3...

June 20, 2022

Tunisian Swimmer Nejib Belhedi To Swim 155 KM...

June 14, 2022

University of London Launches Strategic Partnership with University...

June 8, 2022

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Flavors of Tunisia

Taste-Tunisia-Tunisian-Cuisine-3

Want more top stories?

Carthage Magazine Newsletter

Sign up today and you’ll get our latest stories delivered straight to your inbox.

Quizzes

Quiz: How Well Do You Know African Countries...

QUIZ: Think You’re a Know-It-All? Try Naming These...

Just For You

  • 1

    Tunisia COVID-19 Entry Requirements: Latest Updates for Travelers | September 2022

    March 2, 2021
  • 2

    Alcohol in Tunisia: What Visitors Need to Know

    August 2, 2021
  • 3

    Tunisia’s Currency – Tunisian Dinar | TND, Notes, Coins, Exchange Rate

    June 7, 2021
  • 4

    Ferries to Tunisia — Another Good Reason to Plan a Trip to Tunisia

    June 26, 2021
  • 5

    US coffee Giant Starbucks Finally Opens Cafe in Tunisia

    November 22, 2019
  • 6

    Flights to Tunisia — The Complete Guide

    June 24, 2021

Latest

  • Tunis Business School to Receive IACBE Accreditation

  • Climate Change in Tunisia: Challenges & Progress

  • What is a Debt Audit & How Might it Work in Tunisia?

  • Tunisia is Experiencing Record-High Remittances

Sections

  • Editors' Picks
  • Education
  • Environment
  • Food & Drinks
  • Local History
  • News
  • No Sugarcoating
  • People
  • Quizzes
  • Real Estate
  • Style & Travel
  • Tech & Startups
  • Things to Do
  • Videos

E᙭ᑭᒪOᖇE

Carthage Magazine

We’re on a mission to create content that inspires people about experiences, places, products and people in Tunisia!

 

— About Us

— Adverstising

— Transparency

— Contact Us

Facebook Twitter Instagram Linkedin Youtube

ᗯᗩᑎT ᗰOᖇE TOᑭ ᔕTOᖇIEᔕ?

Carthage Magazine Newsletter

Sign up today and you’ll get our latest stories delivered straight to your inbox.

ᔕᑭᖇEᗩᗪ TᕼE ᗯOᖇᗪ

Spread the word

Our goal is to get these stories out in the public arena, and by doing this, keep promoting Tunisia and changing attitudes towards the MENA region.

 

— Ambassadors

— Readers Write

— What You Can Do to Help

EᗪITOᖇᔕ’ ᑭIᑕKᔕ

  • Our Ons Jabeur, the Pride Giver

    July 17, 2022
  • Tales from the Past | Part III

    July 4, 2022
  • Tales from the Past | Part II

    June 17, 2022

© 2019 - 2022 Carthage Magazine. Privacy Policy

Carthage Magazine
  • Home
  • Things to Do
    • Leisure
  • Food & Drinks
    • Taste Tunisia
  • People
    • Interviews
    • No Sugarcoating
    • Environment
  • Style & Travel
    • Attractions
    • Trip Planning
      • Travel Information
      • Hotels in Tunisia
      • Cost of Living
      • Tunisia’s Language
      • Tunisia’s Weather
      • Tunisia’s Currency
      • Tunisia’s Visa
    • Transport in Tunisia
      • Traveling Around
      • Local Transport
      • Flights to Tunisia
      • Ferries to Tunisia
      • Tunisia Overland
  • Local History
    • Museums
    • Monuments
    • Heritage Sites
    • Historical Figures
  • Education
  • Tech & Startups
  • Editors’ Picks
Carthage Magazine
  • Home
  • Things to Do
    • Leisure
  • Food & Drinks
    • Taste Tunisia
  • People
    • Interviews
    • No Sugarcoating
    • Environment
  • Style & Travel
    • Attractions
    • Trip Planning
      • Travel Information
      • Hotels in Tunisia
      • Cost of Living
      • Tunisia’s Language
      • Tunisia’s Weather
      • Tunisia’s Currency
      • Tunisia’s Visa
    • Transport in Tunisia
      • Traveling Around
      • Local Transport
      • Flights to Tunisia
      • Ferries to Tunisia
      • Tunisia Overland
  • Local History
    • Museums
    • Monuments
    • Heritage Sites
    • Historical Figures
  • Education
  • Tech & Startups
  • Editors’ Picks
© 2019 - 2022 Carthage Magazine. Privacy Policy

Read alsox

What Makes TUNISIA One of the Most...

June 28, 2020

Tunisia’s Fifth First Lady’s Blue Dress Stirrs...

August 17, 2020

Record-Breaking Day with Over 500.000 Vaccine Doses...

August 9, 2021