Tunisian Dinar (TND) Profile
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DT (Latin) or Arabic (د.ت )
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The Tunisian dinar is the currency of Tunisia (officially the Republic of Tunisia) which is the smallest country in North Africa. Tunisia was independent from France on March 20, 1956.
Tunisian dinar history
The Tunisian dinar was created in 1958 and replaced the Tunisian franc at a rate of 1000 francs =1 dinar. The Tunisian franc was used in Tunisia from 1891 to 1958, and was equivalent to the French franc.
The Tunisian dinar was pegged to the U.S. dollar at 1 USD=0.42 TND from introduce until 1964. The dinar devalued in 1964 and had been pegged to the U.S. dollar at a rate of 1 USD =0.525 dinar from 1964 to 1971.
Tunisian dinar coins and banknotes
The Tunisian dinar is subdivided into 1000 milimes.
Currently in circulation coins are in denominations of 20, 50, 100 milim, ½, 1, 5 dinar, and banknotes are in denominations of 10, 20, 30, 50 dinar.
Tunisian dinar and the currency of dinar
Dinar is a currency unit. It has a similar name version, denar. Both dinar and denar names derive from the ancient monetary unit, the denarius.
|Countries||Location-continent||Currency name||Code||1 USD=||1 EUR=||1 GBP=|
Tunisian dinar and the French franc.
The French franc was used among French colonies from nineteenth century until the late decades of twentieth century when after most countries were independent and issued their own currencies.
Tunisia used Tunisian franc from 1891 to 1958 and was equivalent to the French franc. The Tunisian franc was replaced by Tunisian dinar (TND) at a rate of 1000 francs = 1 dinar.
|Nations||Currency name||Code||Independence from France||1 USD=||Notes|
|Morocco||Moroccan dirham||MAD||in 1956||8.52378||1. The dirham was used as subdivision the Moroccan rial, with 10 dirham = 1 rial, from 1882 to
1921. It was reintroduced in 1960 and replaced the Moroccan franc at 1 dirham = 100 francs in 1974.
2. Moroccan franc was used in Morocco from 1921 until 1974.
|Algeria||Algerian dinar||DZD||in 1962||78.9858||1. The Algerian dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.
2. The Algerian franc was used from 1848, equivalent to the French franc initially. Following the French franc revaluation in 1960 (<see notes <1>), the Algerian franc was revalued accordingly at a rate of 100 old Algerian francs = 1 new Algerian franc.
|Tunisia||Tunisian dinar||TND||in 1956||1.5765||1. Tunisian dinar was created in 1958 and replaced the Tunisian franc at a rate of 1000 francs = 1 dinar.
2. Tunisian franc was used in Tunisia from 1891 to 1958 and was equivalent to the French franc.
|Mauritania||Mauritanian ouguiya||MRO||in 1960||294.249||The Mauritanian ouguiya was introduced in 1973, replacing the CFA franc at a rate of 1 MRO = 5 CFA francs.|
|Djibouti||Djiboutian franc||DJF||in 1977||170.624||1. The French franc had been circulated in Djibouti since 1884 until 1949 when the independent Djiboutian franc was introduced pegging to the US dollar at a rate of 1 USD =214.392 DJF.
2. The Djiboutian franc was revalued in 1971 and 1973 and has been pegged with U.S. dollar at 1 USD= 177.721 DJF since then.
|Guinea||Guinean franc||GNF||in 1958||7036.69||1. The first Guinean franc was introduced in 1959 to replace the CFA franc but was replaced by syli at a rate of 1 syli = 10 francs in 1971.
2. The Guinean franc was reintroduced in 1985, at par with the syli.
|Madagascar||Malagasy ariary||MGA||in 1960||2199.96||1. The Malagasy ariary was introduced in 1961, equaled to 5 Malagasy francs. It replaced the Malagasy franc as the official currency January 1, 2005, replaced rate at 1 MGA =5 Malagasy francs.
2. The Malagasy franc was introduced on July 1, 1925, replaced by Madagascar-Comoros CFA franc in 1945. It was reintroduced on July 1, 1963, initially pegged to the French franc with the same value as the CFA franc (1 FRF = 50 MGF) but later devaluated and floated.
3. Madagascar left the CFA zone effective 1 July 1973.
|Comoros||Comoro franc||KMF||in 1975||376.983||1. Comoros started to use French franc since 1886.
2. The Madagascar-Comoros CFA franc was used from 1945 to 1960. It was initially fixed with old French franc at 1.7 but later was changed to 2 French francs and remained until 1979.
3. Comoro franc was created and pegged with new French franc (FRF) at 1 FRF=50 KMF since 1979 until 1994 when it's 1 FRF=75 KMF, currently being pegged with euro at 1EUR= 491.96775 KMF.
|Mayotte||Euro||EUR||France overseas region||0.76628||Mayotte is an integral part of France and the European Union.|
|Reunion||Euro||EUR||France overseas region||0.76628||Reunion is an integral part of France and the European Union.|
<1>The French franc was revalued on January 1, 1960, with 100 old francs becoming 1 new franc.
<2>The French franc was replaced by euro at a fixed parity of 1 EUR=6.55957 FRF since January 1, 1999.