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| *Travel Tips>>>Tunisia Travel Tips |
What kind of currency is used in Tunisia and what is the best way to change money, ATM or travellers checks? |
Travel Info What kind of currency is used in Tunisia and what is the best way to change money, ATM or travellers checks? Travel Tips The currency in Tunisia is the Tunisian Dinar (TDN). Tunisian currency is not a fully convertible currency as of yet, so therefore it can only be purchased inside of Tunisia. Here is some conversion for you: 1TDN = 拢0.38, 拢1=2.604TDN 1TDN = 鈧?.57, 鈧?=1.754TDN 1TDN = $0.77, $1=1.303TDN http://finance.yahoo.com/currency... (Currency rates as of 11:39 GMT on 25 June 2007) The way the money system works is this: 1 Tunisian Dinar (TDN) = 1000 millimes. Paper money is in denominations of 30, 20, 10 and 5. Coins are in denominations of 5 &1 TDN, and 500, 100, 50, 20, 10 and 5 millimes. English pounds, US Dollars, and Euros are all widely accepted at banks, hotels, and the change counter at the airports. There really is not one that is better than the other. This is also true for if you want to bring Travelers checks. Just a quick note: Tunisia is one of the few places in the world where you will get a better exchange rate at most hotels than you will at a bank. Keep that in mind when you are changing your money. Travelers鈥?checks and credit cards are accepted at some establishments in Tunisia, mainly in urban or tourist areas. The Tunisian dinar is not yet a fully convertible currency and Tunisian law prohibits the export or import of Tunisian bank notes or coins. Tunisian law permits the export of foreign currency that was declared when entering Tunisia. Tourists are expected to make foreign exchange transactions at authorized banks or dealers and to retain receipts for dinars obtained. Under foreign currency regulations, a tourist can reconvert to foreign currency 30 percent of what has been exchanged into dinars, up to a maximum of 100 dollars. Declaring foreign currency on entering Tunisia and obtaining a receipt for dinars purchased thereafter will facilitate reconverting dinars to your original currency. Keep all receipts of monetary transactions for presentation when leaving the country. Now that the government part is over, there are cash points (ATMs) all over Tunisia, mainly in touristicy areas, and at banks. I personally wouldn't bring travelers checks as it will take a long time for them to process it when you check out because not many people use them. Really the only place that they are valuable at is a bank. And because Tunisia is still a developing country, most places aren't set up to accept credit cards or debit cards. You'll find that only you're major stores, such as Carefour (in Tunis), and Monoprix, and Magasin General, plus a few major restaurants are equipped to handle them. Most major hotels can handle them as well. Or bring a credit/debit card and use it at the ATM's when you need money. There is a fee for using the ATM's though, and that varies from bank to bank. Mostly the fee is between 1,500 dinars and 2 dinars. Remember though, you also get charged a fee from your bank for having to convert your normal currency into local currency. You will have to check with your bank/credit card provider to find out how much that fee would be. My best suggestion to you is to bring the amount of money you want to have and change it little by little when you are in Tunisia. Which ever way you go, keep only the necessary cash on you, and the rest in your hotel room. If I can be of any more help, feel free to contact me. Source(s): Have been living in Tunisia 5+ years http://360.yahoo.com/jamie_hassen... http://finance.yahoo.com/currency... Other Travel Tips The currency of Tunisia is called Tunisian dinar (TND). The best way to change money is coming to the banks, because the hotels and even currency exchange stores may give you with a lower value. They use the Tunisia Dinar (DT or TND). It's better to take Euros in cash if it is a small amount. |
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