A Tunisian union chief said on Tuesday that the digital sector could be a springboard for Tunisia's economic recovery.

The remarks were made by Samir Majoul, president of Tunisian Union of Industry, Trade and Handicrafts, at a seminar on digital banking held in the capital Tunis.

"The application of new tax sanctions on digital sectors will only stunt the development of digital commerce, cushion financial integration and lose control of the informal sector," Majoul noted.

Marouane El Abassi, governor of the Central Bank of Tunisia, recently revealed that cash in circulation outside banks approximately ranges between 3 billion dinars (1.05 billion U.S. dollars) to 4 billion dinars.

The Central Bank governor insisted on the need to develop digital transactions and introduce a transparent electronic payment system to keep the situation in control.