Tunisia’s Foreign Reserves Drop 13 Percent After Eurobond Repayment

• Tunisia’s foreign-exchange reserves fell 13% in a single day, dropping from 26.7 billion dinars ($8.4 billion) to 23.3 billion dinars ($7.3 billion)
• The sharp decline follows the government’s $1 billion Eurobond repayment, reducing import coverage from 119 to 104 days.
• The government has turned to the central bank to fund external debt, amid weak revenue from key export sectors

Tunisia’s foreign-exchange reserves fell 13% in a single day, dropping from 26.7 billion dinars ($8.4 billion) to 23.3…