The Tunisian dinar is the official currency in Tunisia, subdivided into 1,000 milim or millimes.
Origins and history of the Tunisian dinar
The dinar was set out as the new currency in Tunisia in 1958, although it did not start to be used until 1960. Until that moment, the official currency had been the franc and the equivalence to the new currency was of 1,000 francs to 1 dinar.
TThe fixed exchange rate to the US dollar, where 0.42 dinars equalled to 1 dollar, established in 1958, was kept until 1964, when the dinar was devaluated until 0.525 dinars to 1 dollar. This was kept until the dollar was devaluated in 1971.
Coins and banknotes of Tunisian dinar in circulation
Currently, we have coins of 5, 10, 20, 50 and 500 millimes and 1, 5 and 10 dinars in circulation.
Regarding banknotes, there are 5, 10, 20 and 50 dinars.
- The Tunisian dinar is commonly abbreviated DT, although the word “dinar” placed after the number is also accepted.
- When talking about the price of goods, Tunisians sometimes do not express in the main unit, the dinar.
- Importing and exporting dinars is forbidden in Tunisia. Every year, each Tunisian is allowed to exchange up to 6,000 dinars in foreign currency before leaving the country.