TND (Tunisian Dinar)

What Is TND (Tunisian Dinar)?

TND (Tunisian dinar) is the ISO currency code for the official currency of the Republic of Tunisia, a country situated on the Mediterranean shore of Northern Africa. The Tunisian dinar is usually abbreviated as "DT," albeit "dinar" set after the number is additionally acceptable.

Grasping TND (Tunisian Dinar)

TND is issued by the central bank of Tunisia. Banknotes are designated in 5, 10, 20, and 50, while coins are stamped in 5, 10, 20, 50, and 500 millimes and 1, 5, and 10 dinars.

The French dealt with Tunisia through an act of triumph that started in 1881. This laid out the French protectorate of Tunisia, which went on until the independence of Tunisia on March 20, 1956. The Tunisian dinar (TND) supplanted the French franc (F) in 1960.

TND is pegged to a weighted basket of currencies, which incorporates the U.S. dollar ([USD](/usd-US dollar)) and Japanese yen (JPY) yet is overwhelmed by the euro.

Tunisia sits on the northernmost point of Africa and is a country with rich agricultural grounds. The area was under Roman occupation for a long time until it fell under Ottoman rule, where it stayed until 1881. The country declared bankruptcy in 1869; France attacked and held onto control of the country in 1881. During World War II, Nazis occupied Tunisia, and it was the site of several fights.

The country looked for independence from France in 1956 and acquired full freedom by July 1957. The progressions of governments were predictable until the 2011 Tunisian Revolution. Charging government corruption, and refering to evidence of high unemployment and inflation, a civil resistance campaign expelled the ruling party and started the movement that would later become known as the "Bedouin Spring."

Tunisian Economy

Tunisia has a commodity situated economy, and its petroleum and agricultural exports make up a decent portion of its gross domestic product (GDP). As per data from the World Bank, Tunisia is a lower-center pay economy. It had an annual GDP growth of 2.7% in 2018 and 1.0% in 2019. In 2020, the country's annual GDP growth dropped to - 8.6% (generally due to the economic impacts of the global pandemic brought about by the original SARS-CoV-2 virus, which causes Covid-19). In 2020, Tunisia's yearly inflation deflator was 4.9%.

Bringing in and exporting dinars is taboo in Tunisia.

Highlights

• TND banknotes are named in 5, 10, 20, and 50, while coins are stamped in 5, 10, 20, 50, and 500 millimes and 1, 5, and 10 dinars.
• The Tunisian dinar (TND) supplanted the French franc in 1960.
• TND (Tunisian dinar) is the ISO currency code for the official currency of the Republic of Tunisia, a country situated on the Mediterranean shoreline of Northern Africa. TND is issued by the central bank of Tunisia.
• The Tunisian dinar is pegged to a weighted basket of currencies, which incorporates the dollar and yen (yet it is overwhelmed by the euro).

FAQ

Is the Tunisian Dinar Pegged to Another Currency?

The Tunisian dinar isn't pegged to one currency, however to a weighted basket of currencies. The dollar and yen are remembered for the basket of currencies, yet the euro is the prevailing currency.

What Is the Best Currency to Take to Tunisia?

The Tunisian dinar isn't sent out of the country. Thus, you will not have the option to exchange any to take with you before your movement there. In any case, you can exchange your money once you show up in Tunisia.

What Is the Name of Tunisia's Currency?

Tunisia's currency is the Tunisian dinar (TND).

Does Tunisia Use U.S. Dollars?

No. Tunisia doesn't utilize U.S. dollars — it utilizes the official currency of Tunisia, the Tunisian dinar.

The amount Cash Can You Take to Tunisia?

Foreign currency might be brought into Tunisia in unlimited amounts, yet you might be approached to declare the amount recorded as a hard copy on a predefined form.

What Does Tunisian Currency Resemble?

There are coins of 5, 10, 20, 50, and 500 millimes and 1, 5, and 10 dinars in circulation. Banknotes in sections of 5, 10, 20, and 50 dinars are likewise in circulation.