The Central Bank of Tunisia (BCT) made a profit of 1.472 billion dinars for the 2023 financial year, an increase of 105% compared to the result achieved in the 2022 financial year (0.715 billion dinars), according to the financial statements of the BCT, which include the balance sheet and the statement of off-balance sheet commitments as of December 31, 2023, as well as the income statement for the financial year ended on that date. These figures also show a net balance sheet total of 48.455 billion dinars and positive equity of 2.624 billion dinars. The State's share of this result is estimated at 1.056 billion dinars, according to the report of the Central Bank of Tunisia "Financial Statements for the Financial Year 2023 and Reports of the Audit Committees," published on Wednesday, July 3. Equity before appropriation of results for the 2023 financial year reached 2.624 billion dinars at the end of December 2023, compared to 1.558 billion dinars in 2022, which represents an increase of 68.4%. The distrib ution of this result for the 2023 financial year, carried out in amounts in dinars, in accordance with the provisions of Article 78 of law n°2016-35 of April 25, 2016 establishing the statutes of the Central Bank of Tunisia, is as follows: - 205 million dinars (MD) as part of the gradual constitution of reserves to address the impacts related to the planned migration to IFRS standards. - 66 MD as part of the constitution of reserves related to the unpaid part of Afreximbank shares - 140 MD as part of the constitution of the resilience reserve. The BCT report on the financial statements for the 2023 financial year presents the balance sheet, the statement of off-balance sheet commitments, the income statement as of December 31, 2023, and the notes to the financial statements. It also explains the economic, monetary and financial situation of the country on the international and national levels. It also reviews the various missions of the BCT in terms of monetary policy, management of international reserve s, payment systems and means, fiduciary circulation, banking supervision, financial stability, as well as in terms of user protection and banking services. On June 28, 2024, the Governor of the BCT submitted a 51-page report to the President of the Republic, Kais Saied. During his meeting with the BCT Governor, the Head of State described the results obtained as "remarkable performances achieved by Tunisia," owing this success to "the sovereign choices dictated by popular will." Source: Agence Tunis Afrique Presse