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Tunisian dinar
Tunisian dinars and millimes
Tunisian dinars and millimes
ISO 4217 Code TND
User(s)  Tunisia
Inflation 4.9% (Nov. 2020)
Subunit
11000 milim or millime
Symbol د.ت
Coins
Freq. used 50, 100, 200 millimes
12, 1, 2, 5 dinars
Rarely used 1 ,2, 5, 10, 20 millimes
Banknotes
Freq. used 5, 10, 20, 50 dinars

The dinar (Arabic: دينار, ISO 4217 code: TND) is the national 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).

Etymology

The name "dinar" is derived from the Roman denarius, used in the Africa province, the ancient territory of Carthage, modern day Tunisia.

History

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, thus the exchange rate peg was 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. 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, from 76¢ to 34¢, and about 46% against the euro, from 55 cents to 30 cents.

Coins

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 12 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)

  • 1 millime
  • 5 millimes
  • 10 millimes
  • 20 millimes
  • 50 millimes
  • 100 millimes
  • 200 millimes
  • 12 dinar
  • 1 dinar
  • 2 dinars
  • 5 dinars

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).

Coins in circulation
Image Value
5millimes.jpg
5 millimes
10 millimes.jpg
10 millimes
Unknown origin coin 7.JPG
20 millimes
50 millimes.jpg
50 millimes
Deux cent millimes tn.png
100 millimes
200 millimes TND.png
200 millimes
500millimes.jpg
12 dinar (500 millimes)
One Dinar Tunisia TND 2009.png 1 dinar (1000 millimes)
2 dinars TND.png
2 dinars (2000 millimes)
Cinq dinars tunis.jpg
5 dinars (5000 millimes)

Banknotes

On 3 November 1958, banknotes were introduced by the Central Bank of Tunisia in denominations of 12, 1 and 5 dinars. The designs of these denominations were changed with a series of notes dated 1-6-1965, but issued on 3 March 1966. A 10-dinar note dated 1-6-1969 was issued on 2 January 1970. The last 12-dinar notes were dated 1973-10-15 whilst the last 1-dinar notes were dated 1980-10-15. 20-dinar notes dated 1980-10-15 were introduced on 26 December 1984. 30-dinar notes were issued between 1997 and 2011. 50-dinar notes dated 2008 were issued on 25 July 2009. On 8 November 2005, an updated version of the frequently used 10-dinar note was issued.

On 31 December 2019, all notes issued prior to 2011 were completely demonetized. Previous issues had ceased to be used for several years beforehand but were still exchangeable at the Central Bank until that date.

After the fall of the Ben Ali regime in Tunisia, a new set of banknotes was issued progressively, with a redesigned 20-dinar note issued in 2017 and a redesigned 10-dinar note issued in 2020. As of 2020, the 20 and 50 dinar notes issued 2011 and the 5 and 10 dinar notes issued 2013 are in use as well as the new series. At that time, 50 dinar notes were withdrawn when sent to the Central Bank in the course of their circulation while a new design hadn't been confirmed yet. In 2022, new banknotes of 5 and 50 dinars were introduced.

Demonetised banknotes
Image Value Main color Description
Obverse Reverse Obverse Reverse
5 TND reverse.jpg 5 dinars Green Hannibal, Port Punique (Carthage) Motif commemorating the overthrow of Habib Bourguiba on 7 November 1987
Avers Cinq Dinars 2013.jpg Revers Cinq Dinars 2013.jpg 5 dinars Lime Green City of Carthage; Carthaginian general, Hannibal wearing a helmet Carthaginian ships
Billet 10 Dinars Tunisien bleu Ibn Khaldoun Avers.jpg 10 TND reverse.jpg 10 dinars Blue Ibn Khaldoun Motif commemorating the overthrow of Habib Bourguiba on 7 November 1987
10 TND - 2005 - obverse.jpg 10 TND - 2005 - reverse.jpg 10 dinars Blue Elissa (Dido) Instituted after the United Nations IT conference in Tunis 2006. Sbeitla temple, satellite dish
10 TND 2013 reverse.jpg 10 TND 2013 obverse.jpg 10 dinars Blue and Yellow Aboul-Qacem Echebbi Arches of Medesa Bacchia school in Tunis
20 TND obverse.jpg 20 TND reverse.jpg 20 dinars Purple Kheireddine Et-Tounsi Motif commemorating the overthrow of Habib Bourguiba on 7 November 1987
20 TND - 2011 - obverse.png 20 TND - 2011 - reverse.png 20 dinars Red, blue, and yellow Kheireddine Et-Tounsi, Ksar Ouled Soltane fortified granary in Tataouine district L’École Sadiki (Sadiki College) building in Tunis
30 TND obverse.jpg 30 TND reverse.jpg 30 dinars Green, orange Aboul-Qacem Echebbi Tunisian farm with goats and ”TRENTE DINARS” written above
50 TND ob 2009.jpg 50 dinars Green and purple Ibn Rachik, the City of Culture building Rades bridge over ship canal to Tunis, Enfidha-Hammamet International Airport (formerly Zine el-Abidine ben Ali Airport; renamed after President el-Abidine left the country in 2011)
50 TND - 2011 - obverse.png 50 TND - 2011 - reverse.png 50 dinars Green, blue, and orange Ibn Rachik, Musée de la Monnaie (Currency Museum) building in Tunis Place Gouvernement la Kasbah, central square in Tunis
Current banknotes
Image Value Main Color Description
Obverse Reverse Obverse Reverse
5 dinars Slaheddine el amami face.jpg 5 Dinars Tunisian bill back TN Aqueduc of Zaghrouan back.jpg 5 dinars Green Slaheddine el Amami Roman aqueducts in Zaghouan
10 Dinars TND Tawhida Ben Cheikh front 01.jpg 10 Dinars bill TND (back) berber poteries emitted in 2020.jpg 10 dinars Blue Tewhida Ben Sheikh Berber pottery and jewelry
20 TND - 2017 - obverse.png 20 TND - 2017 - reverse.png 20 dinars Red Farhat Hached Amphitheater of El Djem
50 dinars Hedi Nouira TND 2022 01.jpg 50 dinars Hedi Nouira revers banque centrale TND 2022.jpg 50 dinars Brown Hedi Nouira Building of the Central Bank of Tunisia

Popular nomenclature

Tunisians sometimes do not use the main division, dinar, when mentioning prices of goods. Accordingly, one dinar and a half is often referred to as khomstach en miya (literally fifteen hundred). This applies to all prices below 2 dinars. 50 dinar is often referred to as khamsin alf (fifty thousand). This convention is used even for higher prices, for example 70,000 dinars would be called sab'in maliun (seventy million). "Francs" is also still heard from time to time, 1000 of them colloquially representing a single dinar. In addition to that, Tunisians tend to use the word "frank" instead of millime. For example, 100 millimes (0.1 dinars) is referred to as "miyat frank" (literally 100 franks). The word Frank originated from the French colonial era.

Currency restrictions

It is a criminal offense in Tunisia to import or export dinar, as it is a closed currency. Every year, each citizen can convert into foreign currency up to 6,000 Tunisian dinars before departure from the country. Therefore, prices at duty-free shops are in convertible currencies such as euros, US dollars and British pounds. There are many converting ATMs in the country for tourists.

Current TND exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also

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