Tunisian Dinar

The Tunisian dinar is the currency of the country of Tunisia. The Tunisian dinar can be subdivided into 1000 millimes. Tunisia gained their independence from France on March 20, 1956 but it wasn’t until approximately two and a half years later that the Central Bank of Tunisia began to issue a national currency that was known as the Tunisian dinar

The History of the Tunisian Dinar

On September 19, 1958 the ideas behind the Central Ban of Tunisia began to be organized. On October 18, 1958 it was decided that monetary reform was necessary and that there would be a new currency issued. This currency would be the Tunisian dinar.

On November 3, 1958 the Central Bank of Tunisia was officially established and the Tunisian dinar became the official form of currency of Tunisia. For a brief time the Tunisian dinar was linked to the French franc but by December 30, 1958 the Tunisian dinar no longer carried this link to the franc.

The Tunisian Dinar in Circulation

The Tunisian dinar is relatively comparable to the United States dollar. Current exchange rates value one United States dollar as equivalent to approximately 1.375
Tunisian Dinar
. The Central Bank of Tunisia issues the Tunisian dinar in the form of coins and banknotes.

The coins in circulation include both millimes and dinar. The millime coins include the 10, 20, 50 and 100 millime. Additionally there are dinar coins with include the ½ dinar which is equivalent to 500 millimes and the 1 dinar and 5 dinars coins.

Although they are no longer issued there are still 1, 2 and 5 millime coins in circulation that are still accepted. The Central Bank also issues banknotes include the 10, 20 and 30 dinars.

* This post from Iraqi-dinar.org

Posted in Dinar