On Oct. 9, TUN CB issued circular re implementation of monetary policy.
TUN CB issued Circular 2026-11 amending Circular 2017-02 on the implementation of it's monetary policy.
Key Provisions
Repeals and replaces Annex II.3 of Circular No. 2017-02 with a new mandatory reserve declaration template.
Revises the reporting framework used by banks to calculate and declare required reserves maintained with TUN CB.
Updates reserve requirement classifications and reporting fields for current accounts, customer liabilities, savings accounts, term deposits, and other funding sources.
sets a 3% rate for demand deposits and certain customer liabilities, while applying 0% rates to specified savings products, term deposits, and certificates of deposit.
Requires banks to report the required reserve amount, average daily current-account balance held with TUN CB, and any surplus during the reserve maintenance period.
Provides that reserve deficiencies may result in interest charges based on the lending facility rate plus 2.5 percentage points.
