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| Money and Currency in Tunisia, Tunisian Dinar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The currency in Tunisia is
called Tunisian Dinar
(TND).
1
Tunisian Dinar = 1000 Millimes
Other abbreviations for the Tunisian Dinar are TD and DT. The tunisian currency is in a state of "controlled floating" towards other currencies. There is meanwhile an official interbank exchange rate (not a fixed rate determined by the central bank), but the import and export of the currency is still strictly forbidden. The ownership and ability of exchange of foreign currencies are strictly regulated for the citizens of Tunisia. Citizens of other countries may exchange an unlimited amount of money into the Dinar, but the reverse is strictly limited and only allowed in small (previously declared and exchanged) amounts. It has been announced that the Tunisian Dinar will become a freely convertible currency by the year 2014. Here are photos of the Tunisian bank notes and Tunisian coins. On our TunisPro homepage,
you can find the |
The
following list shows the changes of the exchange rates (Interbank)
of the Tunisian Dinar towards 3 major western currencies since 1999:
Tunisian
Dinar against Euro:
Devaluation 1999-2009 (10 years) = ca. 53% (yearly average = 5.30%) Devaluation 2001-2009 (8 years) = ca. 49% (yearly average = 6.12%) Devaluation 2003-2009 (6 years) = ca. 30% (yearly average = 5.00%) Devaluation 2005-2009 (4 years) = ca. 19% (yearly average = 4.75%) Devaluation 2007-2009 (2 years) = ca. 8% (yearly average = 4.00%) = Someone who invested 50,000 Euro in 1999 has today only 23,500 (47%) left. = Someone who invested 50,000 Euro in 2005 has today only 40,500 (81%) left. Tunisian Dinar against US Dollar: Devaluation 1999-2009 (10 years) = ca. 11% (yearly average = 0.11%) Appreciation 2001-2009 (8 years) = ca. - 11% (yearly average = - 1,38%) Appreciation 2003-2009 (6 years) = ca. - 1% (yearly average = - 0.17%) Devaluation 2005-2009 (4 years) = ca. 1% (yearly average = 0.25%) Devaluation 2008-2010 (2 years) = ca. 1% (yearly average = 0.51%) = Someone who invested 50,000 Dollar in 1999 has today only 44,500 (89%) left. = Someone who invested 50,000 Dollar in 2005 has today only 49,500 (99%) left. Tunisian Dinar against UK Pound: Devaluation 1999-2009 (10 years) = ca. 16% (yearly average = 1.61%) Devaluation 2001-2009 (8 years) = ca. 5% (yearly average = 0.63%) Appreciation 2003-2009 (6 years) = ca. - 2% (yearly average = - 0.33%) Appreciation 2005-2009 (4 years) = ca. - 7% (yearly average = - 1.70%) Appreciation 2008-2010 (2 years) = ca. - 15% (yearly average = - 7.50%) = Someone who invested 50,000 Pounds in 1999 has today only 42,000 (84%) left. = Someone who invested 50,000 Pounds in 2005 has today 53,500 (107%) left. |
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