Tunisia’s FX reserves dropped to 105 days of imports (TND 23 bln) from 119 days as of February 16, following the repayment of an EUR 850 mln Eurobond plus EUR 47.8 mln in interest on February 17, totaling EUR 898 mln. This repayment was facilitated by a recent 3-billion-dinar advance from the BCT to the Tunisian Public Treasury, with the next significant debt maturity, a loan guaranteed by the Japan JICA contracted in 2014, due in October 2024, amounting to TND 1 bln, equivalent to 5 days of imports.