Investopedia

Continue to Site »

TND (Tunisian Dinar)

Filed Under » ,
Dictionary Says

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).
Investopedia Says

Investopedia explains '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.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  3. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  4. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  5. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  6. The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.

  7. The Life Of A $20 Bill

    Next time you pull a $20 out of your wallet, consider where it has been.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  2. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  3. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  4. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  5. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  6. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.
Trading Center