WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2011-01-17 Time: 02:00:01 Posted By: News Poster
Tunis – During a meeting held on Thursday, in Tunis, Tunisia’s Central Bank (BCT) Executive Board, looked at the economic and financial situation, both at the national and international levels.
When focusing on the world juncture, the Executive Board pointed out that, at the end of 2010, the international economic environment was marked by ongoing appearance of indicators reflecting better economic situation in the main industrialized countries, notably USA and a number of emerging countries. Yet, the unemployment rates maintained high levels, while pressure led by pursuit of public debt crisis in some European countries increased.
Concurrently, world commodities prices increased substantially and the international financial markets recorded an appreciation of the dollar against the Euro and the other main currencies, as well as an ongoing volatility of the main international stock exchange markets.
At the national level, the economic activity was characterized by ongoing consolidation of industrial production, notably manufacturing industries, in line with firming up of foreign demand and relative improvement in the pace of activity in the services sector, whereas trade deficit widening went on in the wake of import progress at a faster pace than exports. This led to an increase in the current deficit that came to 4, 6% of the country’s GDP at the end of November 2010, compared to 1, 8% in the same period of the previous year.
On December 29, 2010, net assets in foreign currency totaled 13,060 million dinars (MTD) or the equivalent of 147 days of import.
Thanks to adoption of a monetary policy targeting price stability while seeing to provide an appropriate financing to the economic activity, inflation continued to drop, going to 4, 4% at end November, its lowest level from the beginning of the current year.
At the monetary level, (M3) aggregate grew by 10.9% over the first eleven months of 2010, compared to 10.1% a year earlier, while financing to the economy progressed by 17.5% vs. 9.4%, in line with an increase in loans, notably investment financing.
Bank liquidity tightened slightly in December 2010 compared to the previous month, requiring the Central Bank intervention to inject liquidity. Thus, the average interest rate came to 4.91% over the same month, compared to 4, 80% last November.
From the beginning of the year and up to December 29, 2010, the dinar depreciated by 9, 4% against the US dollar and posted a virtual stability against the euro.
In the light of these evolutions, the Executive Board decided to keep unchanged the key interest rate of the Central Bank of Tunisia, while pursuing the adoption of a flexible monetary policy to further control inflationary pressure and ensure an adequate financing to the economy, in a way to contribute to faster pace of economic growth and boost investment and employment.
Original Source: 
Original date published: 31 December 2010
Source: http://allafrica.com/stories/201101030651.html?viewall=1