A recent Reuters piece on the imminent dual listing of Tunisie Telecom on the Tunis bourse and a European bourse mentioned that “financial analysts say Tunisia could unleash a surge in investment, especially into its stock market, if it eases or removes currency controls.”  Foreign companies have long considered such controls, which make it difficult to repatriate capital, as a major obstacle to investment.  Yet two ongoing and impending events–one being Tunisia’s application to the European Union for “advanced status”, which would give it preferential trade terms; the other being a planned switch to a fully convertible currency in 2014–have all but cemented the continual easing of restrictions on capital movement.  But as the herein linked piece on political succession points out, Tunisia’s political future is all but certain–always a cause for concern regardless of how solid present and near-term macro fundamentals look.

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