Tunisia : Money

Currency used

Tunisian dinar (TND)

Exchange rate against the dollar / euro / DZD / TND / MAD / LBP

As at 18/11/2014:

 

TND 1 --> USD 0.546896

TND 1 --> EUR 0.438462

TND 1 --> DZD 46.390143 (Algerian dinars)

TND 1 --> LBP 827.454197 (Lebanese pounds)

TND 1 --> MAD 4.825321 (Moroccan dirhams)

 

http://www.capital.fr/

http://www.biat.com.tn/biat/convertisseur_devise.jsp

How much money should you bring with you for your initial expenses?

TND 1,000 (roughly €440)

This will cover your first month’s rent + one month deposit + transport + food + leisure

A two month deposit may also be required

Add TND 100-300 for unexpected expenses (illness, etc.)

Where can you exchange money?

Exchange it in Tunisia at:

Any bank (closing hours at 4 pm on Fridays, 2:30 pm during Ramadan and 11:30 am in July and August)

Foreign exchange offices

Post office and airports

What is the most common method of payment?

Cash (Tunisian dinars)

Is it better to exchange money or to withdraw it directly in the local currency?

Directly with an international bank card

How do you open a bank account?

What documents will you need?

For foreigners: a photocopy of the first page of your passport, a copy of your certificate of enrolment in university, your student ID and a copy of your permanent or temporary residence permit (bring at least TND 20 as an initial deposit)

 

For Tunisians: your national ID card + student ID

Do some banks have better terms than others?

No, not really

Are there parallel systems, con artists to avoid, etc.?

Yes, and these should be avoided

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