What Is the TND (Tunisian Dinar)?

TND (Tunisian dinar) is the ISO currency code for the official currency of the Republic of Tunisia, a country located on the Mediterranean coast of Northern Africa. The Tunisian dinar is commonly abbreviated as "DT," although the word “dinar” placed after the number is also acceptable.

Key Takeaways

  • TND (Tunisian dinar) is the ISO currency code for the official currency of the Republic of Tunisia, a country located on the Mediterranean coast of Northern Africa.
  • TND is issued by the central bank of Tunisia.
  • The Tunisian dinar (TND) replaced the French franc in 1960.
  • Banknotes are denominated in five, 10, 20, and 50, while coins are minted in five, 10, 20, 50, and 500 millimes and one, five, and 10 dinars.
  • The Tunisian dinar is pegged to a weighted basket of currencies, which includes the dollar and yen (but it is dominated by the euro).

Understanding the TND (Tunisian Dinar)

TND is issued by the central bank of Tunisia. Banknotes are denominated in five, 10, 20, and 50, while coins are minted in five, 10, 20, 50, and 500 millimes and one, five, and 10 dinars.

The French gained control over Tunisia through an act of conquest that began in 1881. This established the French protectorate of Tunisia, which lasted until the independence of Tunisia on March 20, 1956. The Tunisian dinar (TND) replaced the French franc in 1960.

The Tunisian dinar is pegged to a weighted basket of currencies, which includes the dollar and yen (but it is dominated by the euro).

Tunisia sits on the northernmost point of Africa and is a country with fertile agricultural lands. The area was under Roman occupation for many centuries until it fell under Ottoman rule, where it remained until 1881. The country declared bankruptcy in 1869; France invaded and seized control of the country in 1881. During World War II, Nazis occupied Tunisia, and it was the sight of several battles.

The country sought independence from France in 1956; it gained full freedom by July 1957. The successions of governments were uneventful until the 2011 Tunisian Revolution. Charging government corruption, and citing evidence of high unemployment and inflation, a civil resistance campaign ousted the ruling party and began the movement that would later become known as the "Arab Spring."

Economic Future for the Tunisian Dinar

Tunisia has an export-oriented economy, and its petroleum and agricultural exports make up a good portion of its gross domestic product (GDP). According to data from the World Bank, Tunisia is a lower-middle-income economy. It had an annual gross domestic product (GDP) growth of 2.7% in 2018 and 1.0% in 2019. In 2020, the country's annual gross domestic product (GDP) growth dropped to -8.6% (largely due to the economic impacts of the global pandemic caused by the novel Covid-19 virus). In 2020, Tunisia's yearly inflation deflator was 4.9%.

TND (Tunisian Dinar) FAQs

What Is the Name of Tunisian Currency?

The name of the Tunisian currency is the Tunisian dinar.

Does Tunisia Use U.S. Dollars?

The official currency of the country of Tunisia is the Tunisian dinar. Tunisia does not use U.S. dollars as a currency.

Is Tunisian Dinar Pegged to Another Currency?

The Tunisian dinar is pegged to a weighted basket of currencies, which includes the dollar and yen (but it is dominated by the euro).

What Is the Best Currency to Take to Tunisia?

The Tunisian dinar isn’t exported out of the country. As a result, you won’t be able to exchange any to take with you before your travel there. However, you can exchange your money once you arrive in Tunisia.

Importing and exporting dinars is forbidden in Tunisia.

How Much Cash Can You Take to Tunisia?

Foreign currency may be imported into Tunisia in unlimited amounts, but you may be asked to declare the amount in writing in a specified form.

What Does Tunisian Currency Look Like?

There are coins of five, 10, 20, 50, and 500 millimes and one, five, and 10 dinars in circulation. There are banknotes of five, 10, 20, and 50 dinars in circulation.