DEFINITION of 'TND (Tunisian Dinar)'
The currency abbreviation for the Tunisian dinar (TND), the currency for Tunisia, a country located on the Mediterranean coast of Northern Africa. The Tunisian dinar is made up of 1,000 milim and is officially presented with the symbol DT, although TND is also used, and writing dinar after the amount is most common (100 DT, 100 TND or 100 dinar).
BREAKING DOWN 'TND (Tunisian Dinar)'
The Tunisian dinar replaced the French franc at a rate of 1,000:1 in 1958. Because of the devaluation of the French franc in the same year, this initial exchange rate was replaced with a U.S. dollar peg of 0.42 Tunisian dinars to 1 U.S. dollar. This changed to 0.525:1 in 1964, and in 1971 the currency was made to float at market rates.
It is illegal to import or export Tunisian dinars. As a result, many converting ATMs exist throughout the country for tourists.