Tunisian dinar

Name of currency: Tunisian dinar

Country / countries used: Tunisia

Symbol: دينار

Brief history:

Tunisia is the smallest country in North Africa. The official currency of Tunisia is the dinar (TD). It was first established in 1958 however it was introduced in 1960 when it replaced the franc at an exchange rate of 1000 francs = 1 dinar. This exchange rate was abandoned in 1958 as the dinar did not follow the devaluation of the French franc. Instead, the dinar was pegged to the US dollar at a rate of 0.42 dinar = 1 dollar. This peg remained until 1964 when the dinar devalued to 0.525 = 1 dollar. This newly established rate was held until the dollar was devalued in 1971.

In terms of legal tender, the first coins to be introduced were 1, 2, 5, 10, 20, 50 and 100 milim coins. The 1 and 2 milim coins were withdrawn in 1980 and so are no longer legal tender. The first banknotes to be issued by the Central Bank of Tunisia were in denominations of ½, 1 and 5 dinar. In 1969, the 10 dinar note was brought into circulation followed by the 20 dinar notes in 1980. 30 dinar notes were issued in 1997 followed by 50 dinar notes in 2009. The frequently used 10 dinar note was updated in 2006 to hold a holographic foil.