(, ISO 4217
currency code: TND
) is the currency of Tunisia
. It is subdivided into 1000 milim or millimes (مليم). 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).
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, resulting in the exchange rate being abandoned. Instead a peg to the United States dollar
of 0.42 dinar = 1 dollar was established which was maintained until 1964, when the dinar devalued to 0.525 dinar = 1 dollar. This second rate was held until the dollar was devalued in 1971.
In 1960, aluminium 1, 2 and 5 milim and brass 10, 20, 50 and 100 milim coins were introduced. The 1 and 2 milim were last issued in 1980 and 1983 respectively, and are no longer legal tender. In 1968, nickel ½ 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... Read More