The Central Bank of Tunisia (BCT) announces having signed, Friday, November 16, two cooperation agreements with its Moroccan sister, Bank Al-Maghrib.
According to a statement issued on the Tunisian Broadcasting Institute on its website, the first concerns the formalization of the general cooperation between the two institutions in a conventional framework to serve future cooperation actions, and the second relates to cooperation in banking supervision and information exchange.
“Its purpose is to organize and implement cooperation actions between the two authorities, in particular in the fields of cross-border institution surveillance, on-the-spot checks, the handling of difficulties and bank resolution, the supervision of institutions subject to exchange of experience in banking supervision and regulation, “he says.
These agreements were initialed in Tunis by BCT governor Marouane El Abassi and his counterpart Abdellatif Jouahri of Bank Al-Maghrib on the sidelines of the fourth edition of the International Conference of Central Mediterranean Banks. Conclave in which the central banks of eight countries of the Western Mediterranean have examined the best approaches to promote economic development.
