The Tunisian dinar is the legal tender in Tunisia. Its ISO 4217 code is TND. The Tunisian dinar is subdivided into 1,000 millimes.
This is similar to what happens with “pesos” in Latin countries such as Mexico, Chile, Argentina, Uruguay, Colombia, Dominican, etc. and in the Philippines all of them with Spanish colonial influence.
As of October 5, 2023, the equivalence of this currency with respect to the euro is:
- 1 euro = 3.35 TND.
- 1 Tunisian dinar = 0.30 euros
History of the Tunisian dinar
The word dinar comes from the Roman denarius (singular denarii) which in ancient times was also used as currency in the Roman province of Africa.
That is, in modern-day Tunisia, then known as the “granary of Rome” for its vast expanses of cereal. In addition, from denarius we also have the word “money.”
The modern dinar was introduced in the country in 1960, 4 years after its independence in 1956, replacing the Tunisian franc, which had been the legal tender during the French colonial period. At that time the rate of 1,000 Tunisian francs = 1 dinar was established.
Unlike other countries in the region, Tunisia has historically had a very low inflation rate, which has contributed to the stability of its currency.
The reasons must be sought in the country’s traditional political stability (cut short in 2010-2011 by the so-called Arab Spring) and the prohibition of taking local currency outside the country.
The Central Bank of Tunisia, founded in 1960, is the only body in the Republic authorized to issue Tunisian dinar coins and banknotes.
Tunisian dinar coins
Currently there are Jordanian dinar coins with the following values (denominations) in dinars and their centimes (millimes):
- Millimes coins: 5, 10, 20, 50, 100 and 200.
- Dinar coins: ½, 1, 2 and 5.
The old 1 and 2 millimes coins are now out of circulation due to their low value. On the other hand, the 5-millimetre aluminum is still legal tender, although it is scarce in the country’s daily commercial traffic.
The design of the 10, 20, 50, 100 and 200 millimes coins follows the same pattern: they are all gold, the material used for their minting is brass (except for the 200 millimes, which is made of a copper alloy and zinc).
They show the face value on the obverse and the year of minting appears on the reverse along with a legend written in cuneiform writing.
Tunisian dinar coins
As for dinar coins, they are silver and made from a cupro-nickel alloy. The first ½ and 1 Tunisian dinar coins were issued in 1990, introducing a new design for the reverse, where the national coat of arms appears.
1 dinar coin
The equivalent value of this 1 dinar coin at the exchange rate, in euros, in Portugal, in October 2023 would be 0.28 euros.
2 dinar coin
The 2 dinar coin is also of relatively recent appearance: it has a rounded shape but in reality it consists of 13 flat sides and on its reverse side the image of a tree is shown.
The equivalent value of this 2 dinar coin at the exchange rate, in euros, in Portugal, in October 2023 would be 0.56 euros.
5 dinar coin
Finally, we must highlight the highest value coin (the 5 dinar coin), which is bimetallic: the outer ring is made of brass and the central disc is made of cupro-nickel.
The equivalent value of this 5 dinar coin at the exchange rate, in euros, in Portugal, in October 2023 would be 1.41 euros.
Tunisian dinar banknotes
The current series of Tunisian dinar banknotes was issued between 2011 and 2017.
The banknotes of the previous series, issued in the 1990s, are still valid, although they are being progressively replaced by the new ones, mainly because they contain political propaganda from the coup d’état of November 7, 1987.
The current values of Tunisian dinar banknotes are as follows: 5, 10, 20, 30 and 50 (although the 30 dinar banknote is a rarity).
On the obverse of the Tunisian dinar banknotes, prominent figures in the history of Tunisia since ancient times are represented, while the reverse is dedicated to monuments and natural sites of the country.
5 Tunisian dinar banknote
This light green banknote evokes Tunisia’s glorious Carthaginian past. On the obverse appears the effigy of Hannibal (247-184 BC) and a recreation of the ancient port of Carthage.
Some old Carthaginian ships decorate the reverse.
The equivalent value of this 5 dinar banknote at the exchange rate, in euros, in Portugal, in October 2023 would be 1.41 euros.
10 Tunisian dinar banknote
The blue 10 dinar banknote features the figure of the poet Aboul Kacem Echebbi (1909-1934) on its obverse, while the El Bachia madrasa, built in the city of Tunis in the 18th century, is represented on the reverse.
The equivalent value of this 10 dinar note at the exchange rate, in euros, in Portugal, in October 2023 would be 2.82 euros.
20 Tunisian dinar banknote
Farhat Hached, historic Tunisian trade union leader, is the protagonist of the obverse of this banknote; The reverse is for the El Jem Amphitheater, one of the most important and best preserved Roman buildings in North Africa.
This is its reverse
This note is red and its exchange value, in euros, in Portugal, in October 2023 would be 5.58 euros.
30 Tunisian dinar banknote
This is a true Tunisian peculiarity, since it is not common to find banknotes with this face value in almost any country. The color chosen for the 30 dinar banknote is orange. On its obverse appears the City of Sciences of Tunisia.
50 Tunisian dinar banknote
The banknote with the highest face value issued by the Central Bank of Tunisia is dark green.
It presents on its obverse the effigy of the historic Tunisian poet Ibn Rachik (999-1064). The reverse shows an image of the Place du Governement of Tunis, the country’s capital.
The equivalent value of this 50 dinar note at the exchange rate, in euros, in Portugal, in October 2023 would be 13.95 euros.
Euro to Tunisian dinar exchange rate
The exchange rate of the euro against the Tunisian dinar is relatively stable, barely subject to slight fluctuations.
If you search on Google for “euro to Tunisian dinar exchange rate” you will find dozens of websites called “currency converters” (XE, Oanda, Wise, etc.) that offer a “rate” of the day. You will also see this graph with the prices of that pair of currencies from Google Finance.
Something like this (October 5, 2023):
As you can see, the exchange rate in the last five years has been falling from its highest position in 2019, with ups and downs due to the pandemic crisis, rising from the end of 2022 to its current 3.35 dinars per euro.
But it must be taken into account that this graph represents the value of the Tunisian dinar “currency” against the euro, and not that of the real currency in banknotes that tourists take with us on a trip to Tunisia, which is lower.
In fact, in the cuurency exchange supliers in Portugal you can buy Tunisian dinars at an exchange rate in October 2023 of around 2.81 TND for each euro that Cambiator gives you up to 2.28 dinars per euro that you will get in any Portuguese airport (Unicâmbio). Nothing to do with the euro to Tunisian dinar currency exchange today of 3.35 dinars per euro.
So, when you see these values on Google and other currency converters with your mobile, you should keep the following in mind:
-This is an unofficial rate, and therefore not reliable. That is, if you click on the “Disclaimer” link, you get this warning from Google Finance: “Google cannot guarantee the accuracy of the exchange rates displayed. Please confirm current rates before conducting a transaction that may be affected by changes in exchange rates.”
-These rates you see are usually wholesale prices of the Tunisian dinar currency against the euro currency (currency and paper currency are not the same).
-These rates can only be had between banks, that is, it is impossible to obtain it as an individual.
If you need Tunisian dinars in banknotes you will have to go through the retail banknote market (bank or cuurency supplier). This means that the dinars have had to be “transported” by someone for you to enjoy them (or purchased from travelers from Tunisia passing through Portugal previously).
That is to say, moving dinar banknotes from one place to another has logistical costs that will make their sale price (the exchange rate that whoever sells it to you apply) more expensive.
Because the Tunisian government prohibits the departure of the country with its national currency, the Tunisian dinar is a very difficult currency to obtain in Portugal.
As a result of its scarcity, its rates are much more expensive in Portugal than in Tunisia. If you decide to buy dinars in Portugal, it is good to anticipate the purchase and order them online to obtain a better price.
Where to exchange Tunisian dinars in Portugal
The three most popular places to exchange Tunisian dinars in Portugal are banks, high-street currency suppliers and suppliers at the airports.
Of them, the least recommended place to buy is the airport because of how expensive they are and the banks, since they charge you a commission of between 1.5 and 3% in addition to an “exchange margin” (difference between the price for which he paid the currency and the price for which he sells it to you).
That is, if you go with 1000 euros to your bank you will really only change 970 euros to dinars, since they will keep a 30 euro management fee. This means that currency exchange is not usually interesting in your bank, although that is what Cambiator is for, to show you the rates at which foreign currency is sold and bought on a daily basis.
In addition, there are currency suppliers that charge you a commission if you exchange with them in person. But the suppliers that collaborate with Cambiator do not charge you a commission, they match their rates with each other and give you a better exchange rate.
Euro to Tunisian dinar exchange rate today in Portugal
To know the euro to Tunisian dinar exchange rate in Portugal, the best thing you can do is use our currency comparator.
- Change euros to Tunisian dinars (EUR-TND)
- Change Tunisian dinars to euros (TND-EUR)