Dinar Tunisian: Complete Overview and Exchange Rate Information

Author

Reads 941

Person Putting Rolled Banknotes in Glass Jar
Credit: pexels.com, Person Putting Rolled Banknotes in Glass Jar

The Tunisian dinar is the official currency of Tunisia, a country located in North Africa. It's denoted by the symbol "DT" or "TND".

In circulation, you'll find various denominations of Tunisian dinar banknotes, including 5, 10, 20, 50, and 100 dinars.

The Tunisian dinar is subdivided into 1,000 millimes, although millimes are no longer used in everyday transactions.

What Is the Dinar?

The Tunisian dinar is the official currency of Tunisia, with a currency code of TND and represented by the symbol DT.

It's worth noting that the country's central bank is responsible for issuing and managing the dinar.

Banknotes are printed in values of five to 50 dinar, providing a convenient and widely accepted form of payment.

Coins, divided into millimes, are minted in denominations from five to 100, offering another option for transactions.

Tunisia does not use U.S. dollars, sticking to its own dinar as the sole official legal currency.

Understanding the Dinar

The Tunisian dinar is the country's official currency, maintained by the Central Bank of Tunisia since 1958. The bank is responsible for monetary policy and banking supervision.

Credit: youtube.com, Tunisian Dinar

The dinar began circulating in Tunisia in 1960, with banknotes denominated in DT5, DT10, DT20, and DT50. One dinar is divided into 1,000 millimes, which is the plural of a single milim.

Coins are minted in various denominations, including five, 10, 20, 50, and 500 millimes, as well as ½, one, and five dinars.

Etymology

The name "dinar" has a rich history, and it all starts with the Roman denarius, which was used in the Africa province, the ancient territory of Carthage, modern day Tunisia.

This ancient currency was a significant part of the Roman Empire's economic system, and its legacy can still be seen in the modern-day dinar.

The Roman denarius was a small silver coin, and its name has been passed down through the centuries, evolving into the dinar we know today.

The connection between the denarius and the dinar is a fascinating example of how ancient currencies can shape the financial systems of modern societies.

In many ways, the evolution of the dinar is a testament to the enduring power of language and the importance of understanding the history behind the words we use.

Understanding the

Credit: youtube.com, (9/29) Understanding Dinar Tubers

The Tunisian dinar, or TND, is the official currency of Tunisia. It's maintained by the Central Bank of Tunisia, which was established in 1958.

The dinar began circulating in Tunisia in 1960, and it's not pegged to any other currency. This means it's a closed currency, making it illegal to import or export it.

Banknotes in Tunisia are denominated in DT5, DT10, DT20, and DT50. The dinar is divided into 1,000 millimes, with coins minted in various denominations.

Tunisia is one of several countries that use variants of the dinar. Others include Algeria, Bahrain, Iraq, and Libya.

You can use credit and/or debit cards while in Tunisia, but any additional currency must be exchanged before leaving the country.

In Tunisia, people often use informal names for amounts of money instead of the official dinar. This is especially true for prices below 2 dinars.

One dinar and a half is commonly referred to as khomstach en miya, which literally means fifteen hundred. This is used for all prices below 2 dinars.

Person Holding 10 and 10 Banknotes
Credit: pexels.com, Person Holding 10 and 10 Banknotes

Fifty dinars is often called khamsin alf, which means fifty thousand. This convention is also used for higher prices, like 70,000 dinars, which is referred to as sab'in maliun, or seventy million.

The old currency of francs is still sometimes used, with 1000 of them colloquially representing a single dinar.

Currency Details

The Tunisian dinar is the official currency of Tunisia, denoted by the symbol DT. It's divided into 1,000 millimes, with coins minted in various denominations, including 5, 10, 20, 50, 100, 200, 500, and 1,000 millimes, as well as ½, 1, 2, and 5 dinars.

The Central Bank of Tunisia is responsible for issuing and managing the dinar. Banknotes are printed in denominations of 5, 10, 20, 30, 50, and 100 dinars, with each series featuring unique designs and motifs. The 2017-2022 series includes 5, 10, 20, and 50 dinar notes with distinct colors and images.

Here are the current and past denominations of Tunisian dinar banknotes:

What Is the Dinar?

Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.
Credit: pexels.com, Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.

The Tunisian dinar is the official currency of Tunisia. It's represented by the symbol DT.

The dinar is divided into millimes for coins, which come in denominations from 5 to 100.

The country's central bank is responsible for issuing and managing the dinar.

Banknotes are printed in values ranging from 5 to 50 dinar.

Tunisia's Currency

Tunisia's currency is the Tunisian dinar, abbreviated as "TND" or "DT". The country's central bank, Banque Centrale de Tunisie, is responsible for issuing and managing the dinar.

The dinar is divided into 1,000 millimes. Banknotes are printed in values of 5 to 50 dinars, while coins are minted in various denominations.

Coins in circulation include 5, 10, 20, 50, and 100 millime coins, as well as ½, 1, and 5 dinar coins. The 1 and 2 millime coins are no longer legal tender.

Here's a breakdown of the coins in circulation:

It's worth noting that the 1 and 2 millime coins are no longer in circulation, and the ½ dinar coin was replaced by a smaller cupro-nickel piece in 1976.

Currency Values and Exchange

Credit: youtube.com, Learn about the Tunisian currency and prices - Tunisian Arabic

The Tunisian dinar is the official currency of Tunisia, and its value can fluctuate over time. Its currency code is TND, and it's represented by the symbol DT.

You can exchange the Tunisian dinar for other currencies, but you won't be able to use US dollars in Tunisia. The country's central bank manages the dinar's value and issues banknotes in denominations of 5 to 50 dinars.

The exchange rate between the Tunisian dinar and the Algerian dinar can be affected by various factors, including market trends. As of January 3, 2025, the best DZD to TND exchange rate is 0.02362 TND.

The Tunisian dinar is currently stronger than the Algerian dinar, with 1 TND equal to 42.337 DZD. This means that if you exchange 1 Algerian dinar, you'll receive 0.02362 Tunisian dinars.

Here's a summary of the exchange rate between the DZD and TND over the last 30 and 90 days:

Conversion and FAQs

Credit: youtube.com, Tunisia Has The STRONGEST Currency in Africa: Here's Why It Wins

Converting between Algerian Dinars and Tunisian Dinars is relatively straightforward, thanks to the fixed exchange rates provided by currency conversion tools.

The exchange rate between DZD and TND can fluctuate, but as of January 3, 2025, the best DZD to TND exchange rate is 0.02362 TND for every Algerian Dinar exchanged.

You can easily convert Algerian Dinars to Tunisian Dinars using online conversion tools, and the result will be displayed according to the most recent exchange rate.

To convert Algerian Dinars to Tunisian Dinars, simply input the amount of DZD you want to convert, and the tool will provide the equivalent value in TND.

The best time to convert DZD to TND is often between 3-4 PM GMT, when currency market liquidity and trading volume tend to be the highest.

Here's a list of common conversions between DZD and TND:

Forex markets are open 24x5, starting from Monday mornings in Sydney until Friday evenings in New York, allowing you to convert DZD to TND at any time.

Exchange Rate Information

Credit: youtube.com, What is the currency of Tunisia ?

The exchange rate between the Algerian Dinar (DZD) and the Tunisian Dinar (TND) can fluctuate significantly over time.

The highest DZD to TND exchange rate in the last year was 0.02373 Tunisian Dinars per Algerian Dinar on November 25, 2024.

You can check the current exchange rate to see if it's a good time to exchange your money.

As of January 3, 2025 11:50 AM UTC, the best DZD to TND exchange rate is 0.02362 TND.

Over the last 30 days, the DZD to TND exchange rate reached a high of 0.02371 and a low of 0.02338, with an average rate of 0.02359.

Here's a breakdown of the exchange rate for different amounts of DZD:

This table shows the equivalent value in TND for various amounts of DZD, giving you a better idea of how the exchange rate affects your money.

Historical and Statistical Data

The Tunisian dinar has a rich history, and understanding its past can provide valuable insights into its current state. Tunisia began making plans for the dinar in 1958, and it started circulating in 1960, replacing the franc.

Credit: youtube.com, Tunisian Dinar & Millimes Coins | TUNISIA - NORTH AFRICA

The initial exchange rate was set at DT1 to 1,000 francs, and the dinar was pegged to the U.S. dollar at a rate of 0.42 dinars to $1. This rate remained in place until 1964, when the dinar was devalued to 0.525 dinars to $1.

The dinar's value has fluctuated over the years, with a significant depreciation of about 55% against the U.S. dollar between 2008 and 2018. Here's a rough breakdown of the dinar's value against the U.S. dollar and euro:

The dinar's inflation rate has been relatively low, with 4.9% inflation in fiscal year 2007-08 and 3.5% in fiscal year 2008-09.

A Brief History

The Tunisian dinar has a rich history that spans over six decades. It was first introduced in 1960, replacing the franc as the official currency of Tunisia.

Tunisia began making plans for the dinar in 1958, but it took two more years to produce and circulate the currency. The dinar was initially pegged to the U.S. dollar at a rate of 0.42 dinars to $1, which remained in place until 1964.

Credit: youtube.com, BRIEF HISTORICAL DEVELOPMENT OF STATISTICS VLOG

The dinar went through a series of devaluations, with the first one occurring in 1964, when the exchange rate was changed to 0.525 dinars to $1. This rate was in place until 1971, when the dinar was completely devalued.

Tunisia had a historically low inflation rate, with inflation averaging around 4% in the late 2000s. However, the value of the currency has been falling since then, and between 2008 and 2018, the dinar depreciated by about 55% against the U.S. dollar.

Here's a brief timeline of the major events in the history of the Tunisian dinar:

The dinar has undergone minimal changes since its introduction in 1960, aside from some denominations of banknotes being taken out of circulation.

Last Year's Highest Exchange Rate

The highest DZD to TND exchange rate in the last year was 0.02373 Tunisian Dinars per Algerian Dinar on November 25, 2024.

This rate is a significant milestone in the exchange rate history between these two currencies, and it's essential to understand the context behind it.

Credit: youtube.com, Download Historical Currency Exchange Rates straight into Excel Or PowerBI | MiTutorials

The DZD to TND exchange rate has fluctuated over the past year, with some periods showing more volatility than others.

Here's a breakdown of the high and low points for the last 30 and 90 days:

The last 30 days saw a relatively stable exchange rate, with the high and low points being 0.02371 and 0.02338, respectively.

In contrast, the last 90 days showed a more significant increase in the exchange rate, with a high of 0.02373 and a low of 0.02300.

Year-over-Year Change

The DZD/TND rate is up +2.38% compared to the last year, indicating the Algerian Dinar has increased in value.

The DZD/EUR rate has seen a significant change, but the exact numbers aren't provided in the given examples.

The DZD/TND rate is up +2.38%, making the Algerian Dinar more valuable compared to the Tunisian Dinar.

The article doesn't mention any other currency comparisons, so we can't analyze their year-over-year changes.

The DZD has shown an increase in value, but we don't have enough information to determine the magnitude of this change against other currencies.

The DZD/TND rate is up +2.38%, which is a notable change, but we can't draw conclusions about other currency pairs.

Rates by Year

Credit: youtube.com, Gathering historical Data and Calculating Statistics

If you're interested in seeing how the exchange rate between the Algerian Dinar and the Tunisian Dinar has changed over the years, you can check out our rates by year section.

We have data available for the years 2025 through 2016, and you can access it by clicking on the corresponding links.

The exchange rate has fluctuated significantly over the years, with the highest average rate in the last 90 days reaching 0.02373 TND in 2025.

Here's a list of the average rates for the last 90 days in each year from 2025 to 2016:

The overall change in the exchange rate over the last 90 days has ranged from -0.16% to +2.04%.

Frequently Asked Questions

Can you take dinar out of Tunisia?

No, you cannot take Tunisian Dinars out of Tunisia due to its closed currency status. If you need to exchange currency, consider converting to a more widely accepted currency before departing.

Kristen Bruen

Senior Assigning Editor

Kristen Bruen is a seasoned Assigning Editor with a keen eye for compelling stories. With a background in journalism, she has honed her skills in assigning and editing articles that captivate and inform readers. Her areas of expertise include cryptocurrency exchanges, where she has a deep understanding of the rapidly evolving market and its complex nuances.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.