Tunisia’s Foreign-Exchange Reserves Slump as Eurobond Matures

Tunisia’s holdings in foreign currency fell more than 11% over the weekend as an 850 million ($915 million) Eurobond matured.

The reserves declined to 23.06 billion dinars ($7.4 billion) as of Feb. 19 compared with 26.04 billion dinars on Feb. 16, according to data reported Monday by the country’s central bank. The drop reduced the reserves’ imports coverage by two weeks to 105 days, close to the critical level of three months.