Banks in Tunisia Laws and Regulations

Gaining a better understanding of banks in Tunisia, laws and regulations governing them

Business owners looking to conduct financial transactions in Tunisia should familiarize themselves with banks in Tunisia laws and regulations. The Tunisia banking system has been modified significantly since the establishment of the Central Bank of Tunisia in 1958.

While the regulation of Tunisia banks has decreased over the years, Tunisia’s banking industry is still heavily controlled by the country’s government. The currency in Tunisia is the dinar (TND), which is traded on an intra-bank market basis; import and export of this currency is prohibited. In 2007, the Tunisian government established a state-run stock exchange which lists over 50 companies. When learning about banks in Tunisia laws and regulations, you need to consider:

1. Researching the power of Tunisian bank regulatory authorities.

2. Reviewing guidelines on international banking in Tunisia.

3. Talking to professionals about banking regulations in Tunisia.

Gain a better understanding of laws for banking institutions in Tunisia

The Central Bank of Tunisia has the authority to regulate and supervise Tunisian banks. Bank auditors are required to disclose to the Central Bank audit results and any findings that may pose a risk to the interests of the bank. Bank auditors are required to provide a year-end report as well a report outlining the various audit findings to all departments within the bank.

Find out more about banking in Tunisia import and export regulations

The Tunisian government establishes the currency exchange rate. Some Tunisian banks charge hefty fees for exchanging Tunisian currency. Before leaving Tunisia, businesses are required to exchange back all currency, including coins.

Consult with professionals experienced in banking in Tunisia

Attorneys with experience in advising on Tunisia banking regulations and laws provide a range of services to companies looking to do business in Tunisia. They can provide advice on licensing requirements, banking and fiduciary guidelines, joint ventures, corporate restructurings, surety bonds and asset securitization.

• While the Tunisian banking system does prohibit the import and export of Tunisian currency, there are no restrictions on foreign currency imports. Residents can export foreign currency up to an equivalent of TND 4000 and non-residents can export up to the amount imported.

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