Tunisian dinar. The currency of Tunisia is TND. History of the monetary unit. Design of coins and banknotes

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The Tunisian dinar has the international designation TND and consists of one thousand millimeters. This currency is the currency of the Tunisian Republic.

History of the Tunisian dinar

The Tunisian dinar was put into circulation in 1960 and as a monetary unit. Replaced the local franc, which was used in trade and financial transactions during the colonial dependence of Tunisia. The exchange of new money for old units was carried out at a ratio of 1 thousand to 1. The Tunisian dinar was immediately pegged to the US dollar.

Tunisian currency coins

The change coin of the Tunisian dinar is called a millim. At the moment, millimeters are in circulation in denominations of five, ten, twenty, fifty and one hundred. In addition, metal coins are used in denominations of the floor and one and a half dinars. It is worth saying that earlier millimeters with a face value of one and two also took part in circulation. But, since 1983, they are no longer produced.

Appearance of Tunisian coins

A cork oak is displayed on the front side of the five-millimeter coin. Next to it is the year of issue of the coin and the name of the issuer. The inscriptions are in Arabic. The reverse of the coin contains a ring of an olive branch, in the middle of which there is a digital value of the face value.

Coins of denominations of ten, twenty, fifty and one hundred millimeters have an identical design. Their obverse contains the name of the bank in Arabic, the years of issue according to the European style and Hijri. The reverse side has a national pattern on the edge and the denomination of the coin in two lines.

The one Tunisian dinar coin contains the image of the legendary founder and ruler of Carthage, Elissa, as well as the national emblem of the state of Tunisia. It should be noted that over time, the design of the coins of the Tunisian currency has changed. At one time, they contained images of the first president of Tunisia, Habib Bourguib, a geographical map of the country and the coat of arms of the state.

Tunisian banknotes

At the moment, Tunisian dinar banknotes are in circulation in denominations of five, ten, twenty, thirty and fifty. Banknotes of the latest design were put into circulation in 2011. Tunisian dinar banknotes differ in color and design. For example, a banknote of five dinars is green. Its obverse contains the image of the famous commander-in-chief and leader of Carthage, Hannibal. The reverse of the banknote depicts a sailing ship.

Ten Tunisian dinars are blue. Queen Elissa is depicted on one side of the bill, and an ancient arch is depicted on the other. Twenty dinars are printed in purple and contain the image of the politician Heyreddin Etunsi. For banknotein denominations of fifty dinars, images of the museum building and the image of the 11th-century writer Ibn Al Rashid are applied.

Tunisian currency rate and exchange conditions

The Tunisian dinar has a fairly stable exchange rate against the world's major reserve currencies. The difference in the ratio between the dinar and the US dollar and the dinar and the euro is insignificant and amounts to only a few tens of millimeters.

It should be noted that the Central Bank of Russia does not officially regulate the exchange rate of the Tunisian dinar against the ruble. It is calculated by means of the so-called cross-rate. In other words, the exchange rate of the Tunisian dinar against the ruble is determined through the ratio of the US dollar or euro and the Russian currency. Recently, this ratio has been at the level of 1 to 25. The surest way to track trends in the quotes of the Tunisian currency is to use the information published by the websites of Tunisian banks. These include institutions such as Banque Centrale de Tunisie (Central Bank of Tunisia), Amen Bank, Attijari Bank, La banque de Tunisie. In addition, the current rate of the Tunisian dinar is published in local morning newspapers.

It should be noted that Tunisia has quite strict laws regarding financial activities. Therefore, there is no need to try to find exchange points in order to buy and sell currencies at the best price. The Central Bank of Tunisia sets the official exchange rate for the Tunisian dinar. All legally operating exchange offices are required tostick to these official quotes. The Tunisian dinar is trading at 1 to 0.44 against the US dollar.

In addition, it should be especially emphasized that Tunisia has a special regime for the import and export of the dinar outside the country. Such actions are strictly prohibited by local law. Moreover, an attempt to import or export Tunisian dinars entails criminal liability.

It is worth saying that when exchanging currencies during your stay in this state, it is advisable to keep receipts. They will be needed at the airport and will assist in the implementation of the reverse exchange. Of course, for a few millimeters a tourist will not be sentenced to prison. Still, it's best not to tempt fate. It should be noted that over the past twelve months, the Tunisian dinar has fallen in price against the ruble by almost 30%.