Tunisia on brink of collapse of the banking sector

The experts expect a massive loan default in Tunisia, followed by the collapse of the banking system. U.S. and France have closed the door to the Tunisian capital, writes InvestGazeta. Tunisia's financial sector to collapse. U.S. Treasury fears the influx of the accounts of banks in the country of the Tunisian capital acquired by unlawful means, writes The Financial Times. Financial institutions charged with "religiously" to check the accounts of senior foreign policy and to monitor transactions that may be misappropriated, redirected state assets, bribery, illegal contributions or other forms of corrupt payments, which come from Tunisia. " Similar measures to prevent money laundering in the country Tunisian made in France. "Capital flight" concern and analysts, who fear the consequences of failure to return fugitives from other banks Tunisia. Experts remind that persons close to former President Zine el-Abidine Ben Ali, had managed to recruit many more loans during his reign, but they were not going to return even when they were in the country and in power. In this situation, the Tunisian banking sector is obliged to inform shareholders and investors so that they represent, what risks threaten to credit institutions account for a Japanese investment bank Nomura. Without waiting for the reaction of North African financial community, agency Fitch put ratings of the financial sector of Tunisia to a review, agency Standard & Poor's downgraded the rating of Tunisia to BBB +, as well as reduced rates of Tunisian banks Banque de l'Habitat, Banque de Tunisie et des Emirats, Banque Tuniso-Koweitienne and Arab Tunisian Bank. One of the victims "jasmine revolution" has become an Islamic bank Zitouna, losing by 700 thousand dollars a day and gone over the control of the Central Bank of Tunisia. In Nomura insisted that the current leadership of the country is obliged as soon as possible to sanitize the remaining banks, and to test in those organizations that had previously belonged to the government's top of the clan of Ali Trabelsi. On the eve of the Central Bank of Tunisia has assured foreign creditors that the country has enough foreign reserves to ensure the proper exchange rate, financial processes in the country and the implementation of international financial and commercial transactions. Today in Tunisia begin a three-day mourning for the tens of victims, "jasmine revolution". Schools and universities, closed last week, will open on Monday. On the eve of the interim government announced an amnesty for all convicted for their political views, including the Islamic Association, banned during the reign of Ben Ali. At the same time in the capital have been meeting near the headquarters of the former ruling Konstutsionno Democratic Party. The demonstrators demanded the disbanding and ban the party and its supporters are driven out of government, because they "are the same thieves", as Ben Ali. The protesters demanded the resignation of the ministers of defense and finance. To contain the crowd, the military were forced to shoot into the air.