Financial and Banking News


Tunisia Belaves OBU Rules Amidst Austerity Measures 

Although the economic climate in Tunisia has recently produced a crop of harsh fiscal measures, including an austerity budget for 1986 and a 'de facto' devaluation of the Tunisian Dinar (TD) by some 6-10%, the authorities have recently passed legislation which liberalizes regulations governing offshore banking units (OBUs) in Tunisia. The new law permits OBUs to deal in TDs to the...