Currency and Money Matters in Tunisia

1. What is the official currency of Tunisia?


The official currency of Tunisia is the Tunisian dinar.

2. Are there any restrictions on foreign currency transactions in Tunisia?


There are no major restrictions on foreign currency transactions in Tunisia. However, the following rules and regulations must be followed:

1. Exchange control regulations: The Central Bank of Tunisia is responsible for regulating and overseeing all foreign exchange transactions in the country. All currency exchanges must comply with the country’s exchange control regulations.

2. Reporting requirements: Any transaction involving the purchase or sale of foreign currency, as well as any transfer to or from abroad, must be declared to the Central Bank of Tunisia.

3. Limits on cash transactions: Cash transactions in foreign currency are limited to a maximum amount of 10,000 Tunisian dinars (TND) per person per day.

4. Restrictions on taking local currency out of the country: Foreign visitors are not allowed to take more than 5 TND out of the country, while Tunisian residents can take up to 3,000 TND with them when leaving.

5. Taxation on foreign currency exchanges: There is a small tax (around 0.25%) on all foreign currency exchanges in Tunisia.

6. Prohibition on illegal activities: It is illegal to engage in any illegal activities such as money laundering or terrorism financing through foreign currency transactions.

7. Prohibition on trading certain currencies: There are no restrictions on trading major currencies such as US dollars or euros, but some “exotic” currencies may have limited availability in Tunisia.

Overall, there are generally no significant restrictions on foreign currency transactions in Tunisia for legitimate purposes. However, it is important to follow all reporting and regulatory requirements to avoid any potential issues with authorities.

3. What is the current exchange rate for local currency to US dollar in Tunisia?


As of October 2021, the current exchange rate for local currency (Tunisian dinar) to US dollar in Tunisia is approximately 2.8503 TND to 1 USD. However, this exchange rate may fluctuate daily. It is recommended to check with a bank or currency converter for the most accurate and up-to-date exchange rate.

4. Is it better to use cash or credit cards for purchases in Tunisia?


It is generally better to use cash for purchases in Tunisia. While some businesses may accept credit cards, they are not widely accepted and may incur additional fees or higher exchange rates. It is recommended to carry Tunisian Dinar (TND) in cash for daily expenses. If you need to use a credit card, notify your bank beforehand and be cautious of potential fraud or theft.

5. Do businesses in Tunisia typically accept US dollars or do they prefer local currency?


Businesses in Tunisia typically prefer local currency, Tunisian dinar (TND), for transactions. While some larger businesses may accept US dollars, it is not commonly accepted. It is recommended to exchange your currency for TND at a bank or currency exchange facility before conducting business in Tunisia.

6. Are there any hidden fees or charges when exchanging money in Tunisia?


It is possible that some banks or currency exchange providers may charge a commission or transaction fee for exchanging money in Tunisia. It is recommended to inquire with the specific provider about any potential fees before making the exchange. Additionally, it is always wise to check the exchange rate and compare it with other providers to ensure you are getting the best deal without any hidden charges.

7. Can I use ATMs from my home country bank in Tunisia to withdraw money?


It is unlikely that you will be able to use ATMs from your home country bank in Tunisia to withdraw money. In order to access funds from a foreign bank account, you will likely need to visit a branch or ATM affiliated with a local Tunisian bank that has an agreement with your home country bank.

It is important to check with your bank before traveling to Tunisia to see if they have any partnerships or agreements with banks in Tunisia that will allow you to use their ATMs without incurring additional fees. Alternatively, you can also consider exchanging currency at a local money exchange provider or using credit/debit cards for purchases.

8. Is it necessary to tip service workers and what is the customary amount in Tunisia?


Tipping is not compulsory in Tunisia, and it is entirely up to the individual’s discretion. However, it is appreciated by service workers as it makes up a significant portion of their income. The customary amount for tipping varies from profession to profession. Here are some general guidelines:

1. Restaurants: In restaurants, a service charge of 10% is usually added to the bill. If not, a tip of 5-10% of the total bill amount is considered generous.

2. Hotels: It is common to tip hotel staff for good service in Tunisia. This includes giving a small amount (1-2 TND) to porters for carrying bags and leaving a small amount (5 TND per night) for housekeeping.

3. Taxi drivers: Taxis do not expect tips, but rounding up the fare or leaving a small tip (1-2 TND) is appreciated.

4. Tour guides: For guided tours, tipping between 5-10 TND per person per day is customary.

5. Hairdressers and beauticians: A 5-10% tip on top of the total bill amount is appreciated.

6. Spa services: Same as hairdressers and beauticians – 5-10% tip on top of the total bill amount.

7. Gas station attendants: It is common to round up the fare or leave a small tip (1-2 TND).

8. Other service workers such as luggage handlers at airports, grocery baggers, and bellhops at hotels can be tipped between 1-2 TND depending on their level of service.

In general, if you receive exceptional service, it is always nice to show your gratitude with a higher tip than usual.

9. Can I purchase traveler’s checks before traveling to Tunisia, and are they widely accepted?

Yes, traveler’s checks can be purchased before traveling to Tunisia and are widely accepted. However, it is recommended to bring a mix of payment methods, including cash and credit cards, as not all businesses may accept traveler’s checks or there may be limited exchange locations available. Be sure to research the specific fees and exchange rates for traveler’s checks in Tunisia before purchasing them.

10. Are there any restrictions or limits on bringing foreign currency into or out of Tunisia?

According to Tunisia’s exchange control regulations, there are no restrictions on the amount of foreign currency that can be brought into or out of the country. However, individuals must declare any amount exceeding 3,000 Tunisian Dinars (approximately $1,200 USD) when entering or leaving the country. Failure to declare this amount may result in fines and confiscation of the currency. Additionally, travelers should check with their home country’s customs and immigration policies as they may have restrictions on the amount of currency that can be brought into or out of the country.

11. Do major hotels and restaurants accept credit cards, and if so, which types are most commonly accepted?


Yes, most major hotels and restaurants accept credit cards. Visa and Mastercard are the most commonly accepted types, followed by American Express and Discover. It is always recommended to check with the specific hotel or restaurant beforehand to confirm their accepted forms of payment.

12. Are there any unique features of the currency used in Tunisia, such as coins with different values or special designs?

Yes, the currency used in Tunisia is the Tunisian dinar which is divided into smaller units called millimes. Millimes are represented by coins of 5, 10, 20, 50 and 100 and banknotes of 5, 10, 20, and 50 dinars (with larger denominations being issued but less commonly used). Some unique features of the currency include no decimal point or symbol for millimes on banknotes, as well as some special designs on certain denominations. For example, the 10 dinar banknote features a portrait of Carthage’s Queen Dido and the reverse depicts a traditional Tunisian wedding scene. The 20 dinar banknote features a portrait of Hannibal Barca and the famous Carthaginian general’s elephant.

13. Is haggling acceptable when making purchases, especially in markets and smaller shops?


In many cultures, haggling is an expected part of making purchases in markets and smaller shops. It can be seen as a way to negotiate a fair price and is sometimes even considered insulting if the customer does not attempt to haggle. However, in other cultures, such as Western cultures, haggling may be seen as rude or inappropriate. It is important to research local customs beforehand and use discretion when deciding whether or not to haggle.

14. Can I pay for goods and services with a mix of both local currency and US dollars?


It depends on the specific merchant and their policies. In some cases, merchants may accept a mix of local currency and US dollars as payment. It’s always best to check with the merchant beforehand to see what forms of payment they accept. Some merchants may also offer a currency exchange service for customers who wish to pay in both currencies.

15. What is the most convenient way to exchange money while traveling through different regions of Tunisia?


The most convenient way to exchange money in Tunisia is by using ATMs, which are widely available in major cities and tourist areas. You can also exchange money at banks, exchange bureaus, and some hotels. It is recommended to exchange money at reputable establishments to avoid scams and check the current exchange rates before making any transaction.

16. Are there alternative forms of payment in addition to cash and credit cards, such as mobile payments or digital wallets in Tunisia?

Yes, there are alternative forms of payment in Tunisia, such as mobile payments and digital wallets.

One popular mobile payment option is “m-Kaarti,” which is offered by the state-owned Tunisian Post Office. It allows users to make payments and transfer money using their mobile phone.

Another popular option is the use of digital wallets, such as “Dinarak” or “E-Dinar.” These wallets can be linked to a bank account or credit card, and can be used for online purchases or to make contactless payments at participating merchants.

In addition, some international mobile payment platforms like PayPal are also available in Tunisia.

17. Is tipping expected during taxi rides, at hotels, or at other specific locations like spas or salons in Tunisia?


Tipping is not expected in Tunisia and is not a common practice. However, if you are satisfied with the service provided, you can leave a small amount as a tip. It is also common to round up the fare for taxi rides. Tips are not expected at hotels or spas/salons, but you can leave a small tip if you feel that the service was exceptional. Ultimately, tipping is entirely discretionary in Tunisia.

18. Are there certain stores where tourists can receive tax refunds on their purchases before leaving Tunisia?

Yes, tourists can receive tax refunds on purchases made at stores that are approved by the Tunisian government, known as “tax-free shops.” These shops will display a Global Blue Tax Free Shopping sign, and tourists can request a tax refund form when making a purchase. The refund amount is only applicable for purchases made within a single day at a single shop, and the goods must be unused and taken out of the country within 90 days of purchase. Tourists must present their passport and completed tax refund form at the customs office upon leaving Tunisia to receive their refund in either cash or credit.

19..How should I handle my leftover foreign currency when departing from Tunisia, including coins and smaller bills?

When departing from Tunisia, there are a few options for handling leftover foreign currency, including coins and smaller bills:

1. Exchange back to your home currency: The most common option is to exchange your Tunisian currency back to your home currency at the airport or a local bank. Keep in mind that banks may have minimum amounts for exchange and may charge a fee.

2. Use at the duty-free shops: If you have a significant amount of foreign currency, you can use it to make purchases at the duty-free shops at the airport before departing. Just make sure that the shop accepts the specific currency you have.

3. Donate to charity: If you do not want to exchange your leftover foreign currency, consider donating it to a local charity or organization before leaving Tunisia. This can be a great way to support the community and put your money towards a good cause.

4. Keep as a souvenir: If you only have small amounts of coins or bills left, you may want to keep them as souvenirs from your trip. These can serve as reminders of your travels and can also be fun collectibles.

5. Spend it before leaving: Another option is to spend your remaining foreign currency at local markets or stores before departing Tunisia. This can be an easy way to use up any leftover money and get some last-minute souvenirs or gifts.

Remember to plan ahead and budget accordingly so that you do not end up with large amounts of leftover foreign currency when leaving Tunisia. It is always best to try and use up as much of the local currency as possible during your trip.

20. Is there a limit on the amount of local currency I can withdraw from ATMs in Tunisia each day?


Yes, there is typically a limit on the amount of local currency that can be withdrawn from ATMs in Tunisia each day. The exact limit may vary depending on the specific bank and ATM, but it is usually around 1,000 Tunisian dinars (approximately $350 USD). Some banks may have lower limits for international cards. It is always best to check with your bank or card issuer for any restrictions or limits before traveling to Tunisia.