Tunisian dinar in front of the dollar: temporary embellished or real economic recovery? [Vidéo]

Par Yassine Atoui | 1 hour ago

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In an interview with Digital Tunisia On Thursday, May 1, 2025, the financial and economic expert Ridha Chkoundali said that the recent increase in the Tunisian dinar against the US dollar does not reflect a real solidity of the national currency. It is mainly explained by the weakening of the dollar from the euro. This drop in the American motto originated in the trade war launched by US President Donald Trump about customs duties, which has weakened the dollar.

The loss of confidence of investors and its impact on the dollar

Chkoundali said this dollar withdrawal is directly linked to a loss of confidence in investors in the American currency, resulting in a drop in value to the main global currencies. However, he pointed out that, despite the current assessment of the Dinar, it remains cyclical. According to him, the real confrontation between the euro and the dollar has not yet started, in particular while waiting for the central banks to compete in matters of monetary policies.

Global recession and its role in the evolution of monetary policies

The expert recalled that the global economy is still undergoing the consequences of the recession caused by the Pandemic of COVID-19, which prompted central banks to raise their guiding rates. He noted that it remains difficult to decide for the moment in the Euro-Dollar rivalry, the latter closely depending on the orientations that the American federal reserve will take in the coming months.

What prospects for the Tunisian dinar?

Ridha Chkoundali underlined that it is impossible to predict with certainty the evolution of the Tunisian dinar against the dollar, because it is closely linked to the internal and external financial balances. He added that if the euro managed to impose itself clearly against the dollar, and that the dinar maintained its current stability, this could have very positive benefits on the Tunisian economy. In particular, this would facilitate the reimbursement of the external debt, would reduce the deficit of the trade balance, and would have a favorable impact on the state budget.

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