The Tunisian dinar has the international designation TND and consists of one thousand millimeters. This currency is the currency of the Republic of Tunisia.
Tunisian Dinar History
The Tunisian dinar was put into circulation in 1960 and as a monetary unit. Replaced the local franc, which was used in trade and financial operations during the period of colonial dependence of Tunisia. The exchange of new money for old units was carried out in the ratio of 1 thousand to 1. The Tunisian dinar exchange rate was immediately tied to the US dollar.
Tunisian currency coins
The changeable coin of the Tunisian dinar is called millim. At the moment, millimages of five, ten, twenty, fifty and one hundred are participating in the circulation. In addition, metal coins in denominations of one and a half dinars are used. It is worth saying that earlier millimes with a face value of one and two also took part in the appeal. But, since 1983 they are no longer released.
The appearance of Tunisian coins
On the front side of the coin with a face value of five millimeters there is a cork oak. Next to it is the year of issue of the coin and the name of the issuer. The inscriptions are made in Arabic. The reverse of the coin contains an olive branch ring, in the middle of which there is a digital value.
Coins in denominations of ten, twenty, fifty and one hundred millimeters have identical design. Their obverse contains the name of the bank in Arabic, the years of issue according to the European style and Hijra. On the reverse side there is a national pattern with the edge and the dignity of the coin in two lines.
The coin in denomination of one Tunisian dinar contains the image of the legendary founder and ruler of Carthage Elissa, as well as the national emblem of the state of Tunisia. It should be noted that over time, the design of Tunisian currency coins has changed. At one time they contained images of the first president of Tunisia, Habib Bourguib, a geographical map of the country and the state emblem.
Tunisian currency banknotes
At present, paper notes of the Tunisian dinar in denominations of five, ten, twenty, thirty and fifty are participating in the appeal. Banknotes of the last sample were put into circulation in 2011. Denominations of the Tunisian dinar differ in color and design. For example, a banknote of five green dinars. Her obverse contains an image of the famous commander in chief and leader of Carthage Hannibal. On the reverse of the banknote is a sailing ship.
Ten Tunisian dinars are made in blue. Queen Elissa is depicted on one side of the bill, and an old arch on the other. Twenty dinars are printed in purple, contain the image of the politician Heyreddin Etunsi. The denomination of fifty dinars is marked with images of the museum building and the image of the 11th century writer Ibn Al Rashid.
Tunisian currency unit exchange rate and terms of exchange
The Tunisian dinar has a fairly stable exchange rate with respect to the main reserve currencies of the world. The difference in the ratio between the dinar and the US dollar and the dinar and the euro is insignificant and amounts to only a few tens of millimeters.
It should be noted that the Central Bank of Russia does not officially regulate the Tunisian dinar to ruble exchange rate. It is calculated through the so-called cross-rate. In other words, the Tunisian dinar to ruble exchange rate is determined through the ratio of the US dollar or Euro to Russian currency. Recently, this ratio has been at the level of 1 to 25. The surest way to track the trend towards changes in the quotes of the Tunisian currency is to use the information published by the websites of banks in Tunisia. These include institutions such as Banque Centrale de Tunisie (Central Bank of Tunisia), Amen Bank, Attijari Bank, La banque de Tunisie. In addition, the current course of the Tunisian dinar is published in the local morning newspapers.
It should be noted that Tunisia has rather strict laws regarding financial activities. Therefore, there is no need to try to find exchange points in order to make the purchase and sale of currency at the best price. The Central Bank of Tunisia sets the official rate of the Tunisian dinar. All legally operating exchange offices are required to adhere to these official quotes. The Tunisian dinar to the US dollar is trading at 1 to 0.44.
In addition, it should be emphasized that in Tunisia there is a special regime for import and export of dinars outside the country. Such actions are expressly prohibited by local law. Moreover, an attempt to import or export Tunisian dinars entails criminal liability.
It is worth saying that when exchanging currencies while in this state, it is advisable to keep receipts. They will be needed at the airport and will assist in the implementation of the reverse exchange. Of course, for a few million tourists will not be sentenced to imprisonment. But it’s better not to tempt fate. It should be noted that over the past twelve months, the Tunisian dinar has fallen by almost 30% against the ruble.