Day: June 18, 2023

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Battle that Tunisia must wage today is battle of existence, says Tabboubi

The battle that Tunisia must wage today is a battle of existence and a socio-economic one, Secretary General of the Tunisian General Labour Union (SNJT) Noureddine Tabboubi said on Sunday in Gabes, adding that the country must rely on itself instead of resorting to others. Chairing the commemoration of the 95th anniversary of activist Mohamed Ali Hami's death, Tabboubi further told the media that Tunisia has all attributes of success, provided a climate of trust and genuine national solidarity are established for a better future. Mohamed Ali Hami had been ahead of his time as he had talked about the social and solidarity economy since 1924, albeit in a different way, calling for this economy to be developed and for the relevant law to be activated.

Source: Agence Tunis Afrique Presse

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State raises TND 1 billion from domestic banks and financial institutions (Tunisie Clearing)

The Treasury has succeeded in raising domestic loans worth TND 1 billion on June 14, 2023, following the auction of short-term Treasury bonds (6 months at an interest rate of 8.69%), according to a bulletin issued by Tunisie Clearing, the central securities depository. These bonds represent debt securities that must be repaid by the State, like the various types of domestic public debt and domestic bond issues, contracted almost exclusively with banks, institutions and stock market intermediaries. Tunisie Clearing also announced that the Treasury is considering opening an auction of short-term Treasury bills (26 weeks) on June 20 June 2023 to raise TND 130 million. In the same vein, the central securities depository recalled that on June 15 the Treasury had managed to raise TND 163.5 million, following an auction of short-term Treasury bills (to be redeemed over a period of 13 weeks at an interest rate of 8.4%). Likewise, TND 10 million was raise in the form of assimilable Treasury Bonds, at an interest rate of 9.977%. The raising of these loas was done at time when data from the Central Bank of Tunisia (BCT) show an increase in the total volume of refinancing to around TND 15.5 billion.

Source: Agence Tunis Afrique Presse