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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 ...
Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia: د.ت (Tunisian Arabic) or DT (Latin) UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD Morocco: DH Djiboutian franc: DJF Djibouti: Fdj Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10] LBP Lebanon £L and ل.ل [10] [11] Sudanese pound: SDG ...
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
The name dinar then became the preferred name for the pound sterling unit of account as it spread to other Middle East territories. The Jordanian dinar maintained its 1:1 parity with the pound sterling until 18 November 1967 when Harold Wilson devalued the pound. The Jordanian dinar did not devalue in parallel, hence breaking the sterling parity.
In December 1958 the newly created Tunisian dinar was disconnected from the French franc. The bank maintains a Money Museum which includes a collection of recovered Carthaginian coins. Tunisia had a historically low inflation. The Tunisian Dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
Tunisia's natural resources are modest when compared to those of its neighbors: Algeria and Libya. This modesty in natural resources forced the country to import oil, which contributed to the rise in the cost of gasoline: on 26 April 2006, the liter crossed the bar of one dinar to sell for 1.50 Tunisian dinars.
It consisted of both coins and banknotes produced specifically for Tunisia, although early banknotes were Algerian issues overstamped with "Tunisie". The franc was replaced in 1960 by the dinar at a rate of 1000 francs = 1 dinar, the dinar having been established as the unit of account in 1958.
The dinar was introduced in 1965 as the South Arabian dinar, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to one pound sterling, it also used the pound sign as its Latin script symbol.