Financial and Banking News
REGIONAL BANKING
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...
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