What is the currency in Tunisia?
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The dinar (, , ISO 4217 currency code: "TND") is the currency of Tunisia. It is subdivided into 1000 milim or millimes (). The abbreviation "DT" is often used in Tunisia, although writing "dinar" after the amount is also acceptable (TND is less colloquial, and tends to be used more in financial circles); the abbreviation "TD" is also mentioned in a few places, but is less frequently used, given the common use of the French language in Tunisia, and the French derivation of "DT" (i.e., "").
Tunisian dinar
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The Tunisian government adopted a unified investment code in 1993 to attract foreign capital. More than 1,600 export-oriented joint venture firms operate in Tunisia to take advantage of relatively low labor costs and preferential access to nearby European markets. Economic links are closest with European countries, which dominate Tunisia's trade. Tunisia's currency, the dinar, is not traded outside Tunisia. However, partial convertibility exists for bona fide commercial and investment transaction. Certain restrictions still limit operations carried out by Tunisian residents.
Economy of Tunisia
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Tunisia had a historically low inflation. The Tunisian Dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco. Inflation was 4.9% in fiscal year 2007–08 and 3.5% in fiscal year 2008–09.
Central Bank of Tunisia
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Tunisia is known for economic and political stability, its highly educated workforce, while Islamic radicalism is weak. Tunisia does not have the resource curse of oil or mineral deposits that often determine instability. From 2000 to 2009, Tunisia grew at an annual rate of 5.2% and its per capita income of about $8,300 (in PPP terms) in 2009 was second only to Lebanon among the oil-importing MENA countries. The stability of the Tunisian Dinar and historically low inflation in Tunisia are positive indicators for its potential development of financial services. Inflation was 4.9% in FY 2007-08 and 3.5% in FY 2008-09. The Tunisian Dinar was less volatile in 2000-2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
Banking in Tunisia
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It is a criminal offence in Tunisia to import or export dinar. Every year, each citizen can convert into foreign currency up to 6,000 Tunisian dinars before departure from the country. Therefore, prices at duty-free shops are in convertible currencies such as euros, US dollars and British pounds. There are many converting ATMs in the country for tourists.
Tunisian dinar
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Tunisia had a historically low inflation. The dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco. Inflation was 4.9% in fiscal year 2007–08 and 3.5% in fiscal year 2008–09.
Tunisian dinar
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The franc (French, ) was the currency of Tunisia between 1891 and 1958. It was divided into 100 centimes (صنتيم) and was equivalent to the French franc.
Tunisian franc
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Carthaginian or Punic currency refers to the coins of ancient Carthage, a Phoenician city-state located near present-day Tunis, Tunisia.
Carthaginian currency
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Sihem Bensedrine currently publishes "Kalima" on the Internet, as it remains banned in print after four attempts to register. The government has had mixed success in blocking the electronic version. Bensedrine collaborates with Naziha Réjiba, alias Om Zeid, who was harassed by customs police in September 2003 for bringing a small amount of foreign currency from abroad.
Censorship in Tunisia
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The first coins denominated in francs were issued in 1887, before the franc became the currency of Tunisia. These were gold 25 rial coins which were also marked "15 F" to indicate their value in French francs. In 1891, bronze 1, 2, 5 and 10 centimes, silver 50 centimes, 1 and 2 francs, and gold 10 and 20 francs were introduced, all equal in size and composition to the corresponding French coins. The 1 and 2 centimes were only issued that year.
Tunisian franc