Sunday, May 6, 2018

'Two classes left - rich and poor': Sinking Tunisia’s currency

The IMF says the dinar needs to depreciate further, but Tunisians are feeling the pinch and many question whether devaluation helps or harms

A woman searches through bins in Ettadhamen city, an area in Greater Tunis, in April (AFP)

Fadil Aliriza's picture
TUNIS - Mouldi Mohamed Ali, who has run a corner store in the capital for close to a decade, spreads his arms and gestures to the various consumer products lined up against his walls: toothpaste, razors, biscuits, coffee and more.
"Almost 100 percent of what you see, their prices have increased since the new year," he said. "And those whose prices didn't increase, either their quality or their size decreased."