Tunisian dinar
| Tunisian dinar | |
|---|---|
| دينار تونسي (Tunisian Arabic) | |
1 Tunisian dinar
|
|
| ISO 4217 | |
| Code | TND |
| Denominations | |
| Subunit | |
| 1/1000 | milim or millime |
| Symbol | د.ت (Tunisian Arabic) or DT (Latin) |
| Banknotes | |
| Freq. used | 5, 10, 20, 50 dinars |
| Coins | |
| Freq. used | 10, 20, 50, 100 and 200 millim, ½, 1, 2, 5 dinars |
| Demographics | |
| User(s) |
 Tunisia
|
| Issuance | |
| Central bank | Central Bank of Tunisia |
| Website | www.bct.gov.tn |
| Valuation | |
| Inflation | 4.9% |
| Source | The World Factbook, 2013 est. |
The dinar (Arabic: دينار, ISO 4217 currency code: TND) is the currency of Tunisia. It is subdivided into 1000 milim or millimes (ملّيم). The abbreviation DT is often used in Tunisia, although writing "dinar" after the amount is also acceptable (TND is less colloquial, and tends to be used more in financial circles); the abbreviation TD is also mentioned in a few places, but is less frequently used, given the common use of the French language in Tunisia, and the French derivation of DT (i.e., Dinar tunisien).
The name "dinar" is ultimately derived from the Roman denarius, used in the Africa province, the antic territory of Carthage, modern day Tunisia.
The dinar was introduced in 1960, having been established as a unit of account in 1958. It replaced the franc at a rate of 1000 francs = 1 dinar. The dinar did not follow the devaluation of the French franc in 1958, resulting in the exchange rate being abandoned. Instead a peg to the United States dollar of 1 dinar = 2.38 dollars was established which was maintained until 1964, when the dinar devalued to 1 dinar = 1.90 dollars. This second rate was held until the dollar was devalued in 1971.
Tunisia had a historically low inflation. The dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco. Inflation was 4.9% in fiscal year 2007–08 and 3.5% in fiscal year 2008–09.
In 1960, aluminium 1, 2 and 5 millime and brass 10, 20, 50 and 100 millime coins were introduced. The 1 and 2 millimes were last issued in 1990 and 1983 respectively, and are no longer legal tender. In 1968, nickel ½ dinar coins were introduced, replaced by smaller, cupro-nickel pieces in 1976, when cupro-nickel 1 dinar coins were also introduced. Bimetallic 5 dinar coins were introduced in 2002.
Coins in circulation are (link included current and historic coins and banknotes)
It was on 26 December 2013 that the two new tridecagonal coins were introduced, 200 millimes (copper-zinc, 29 mm diameter, 1.80 mm thickness, 9.4 gr. weight) and 2 dinar (copper-nickel, 29.4 mm diameter, 1.90 mm thickness, 11.2 gr. weight).
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Wikipedia