Currency Rates for Tunisian Dinar
Currency Exchange Rates for Tunisian Dinar - Currency Information on TND– Tunisian dinar - د.ت or DT. The foreign exchange currency code for TND represents the Tunisian Dinar exchange rate.
Currencies are all you need to conduct any type of transactions. They are the basic unit of the nation's economy and the finances cannot be controlled effectively without having currency. Currencies are a basic reality and will continue to be so in the modern world. Nothing is possible without this basic unit as it is the basis of all monetary interactions. The currency is also very much important in determining the economic stability of the nation. The value of a currency is actually determined by the revenues collected by the nation and the growth or deficit in its economy. Thus there are a lot of factors in play. The currency of Tunisia is known as the Tunisian Dinar. Lets us know more about it.
The dinar was established as early as 1958 as a unit of account and was established in 1960. The dinar replaced the original currency of francs that was prevalent at that time in Tunisia. The Tunisian Dinar did not devalue with that of the francs in 1958, but its value was equalised to that of 2.38 dollars. There had been certain changes in the valuation thereafter which were the consequences of changes in the economy of the countries. The inflation of the Tunisian dollar had also been less volatile compared to its neighbours who import oil like Morocco and Egypt, around 3.5% in 2008 â€“ 09 and 4.9% in 2007 â€“ 08.
There have not been many changes in the denomination of the Tunisian Dinar since its inception. Currently, the coins that are available in the economy are 5, 10, 20, 50, 100 and 200 millimes, along with 1/2, 1, 2 and 5 dinars. The millimes are actually a unit that denotes a thousandth of a dinar. The bank notes are of 5, 10, 20 and 50 dinars. There are, however, some variations in each of the bank notes. Both the currency units, the coins and bank notes are issued and regulated by the Central Bank of Tunisia. The Tunisian Dinar has always been thoroughly stable and there haven't been many variations in the currency.
The Tunisian dinar replaced the franc at a ratio of 1,000:1 in 1960. Before devaluation in 1971, the dinar held a peg to the US dollar at a rate of 1 dollar: 0.525 dinar. In Tunisia, it is a crime to export or import dinar, per year, each citizen can exchange foreign currency up to the amount of 6,000 Tunisian dollars, before leaving the country.
This means that duty-free shop prices are all displayed in euros, British pounds, and dollars, there are also many ATMs designed to convert currency available for tourists. Send Money Transfer to Tunisia.
GBP to TND
Coins are available in denominations of 10, 20, 50, 100 and 200 millim, and ½, 1, 2, and 5 dinars. Banknotes circulate in denominations of 5, 10, 20 and 50 dinars. Bank Exchange Rates for Tunisian Dinar. The foreign exchange rates for Tunisia also known as the ISO code TND. Send money transfer online with us with the cheapest options.