Instruct: Given a question, retrieve passages that can help answer the question.
Query: What is the currency in Tunisia?
The dinar (Arabic: دينار‎, French: Dinar, ISO 4217 currency code: TND) is the 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 frequently used, given the common use of the French language in Tunisia, and the French derivation of DT (i.e., Dinar tunisien).
Zama, also known as Xama, in what is now Tunisia is best known for its connection with what is called the Battle of Zama, in which, on 19 October 202 BC, Scipio Africanus defeated Hannibal, ending the Second Punic War with victory for the Roman Republic, and breaking the power of Ancient Carthage.
To these migrants, lands in the western Mediterranean presented an opportunity and could be reached relatively easily by ship, without marching through foreign territory. Colonists sailed westward following in the wake of their commercial traders. The Greeks arrived later, coming to (what is now) southern France, southern Italy including Sicily, and eastern Libya. Earlier the Phoenicians had settled in (what is now) Sardinia, Spain, Morocco, Algeria, Sicily, and Tunisia. In Tunisia the city of Carthage was founded, which would come to rule all the other Phoenician settlements.
Similarly, the no-difference principle applies to foreign exchange: There are no currency conversions, so that what is claimed in one currency is owed in that currency.
The Tunisian government adopted a unified investment code in 1993 to attract foreign capital. More than 1,600 export-oriented joint venture firms operate in Tunisia to take advantage of relatively low labor costs and preferential access to nearby European markets. Economic links are closest with European countries, which dominate Tunisia's trade. Tunisia's currency, the dinar, is not traded outside Tunisia. However, partial convertibility exists for bona fide commercial and investment transaction. Certain restrictions still limit operations carried out by Tunisian residents.
The medieval era of Tunisia starts with what will eventually return Ifriqiya (Tunisia, and the entire Maghrib) to local Berber rule. The Shia Islamic Fatimid Caliphate departed to their newly conquered territories in Egypt leaving the Zirid dynasty to govern in their stead. The Zirids would eventually break all ties to the Fatimids and formally embrace Sunni Islamic doctrines.
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. Inflation was 4.9% in fiscal year 2007–08 and 3.5% in fiscal year 2008–09.
In 1690, Massachusetts became the first colony to issue paper currency. This currency was employed as a means to finance its share of the debt from King William’s War. Other colonies quickly followed suit, and by 1715 ten of the thirteen had resorted to the issuance of paper currency. Economist Stanley Finkelstein highlights the advantage of paper currency, “that unless it is backed by specie it is cost free currency.” The paper currency depreciated quickly because the colonies printed more than what was taxed out of circulation. By 1740, Rhode Island bills of exchange were only four percent of face value and those of Massachusetts were eleven percent. The money supply was growing at a much faster rate than that of the overall colonial economy, which led to hyperinflation and the corresponding reduction in purchasing power per unit of money. British merchants were forced to accept this depreciated currency as a repayment of debts. This led to the Currency Act of 1751.
There was also technical surveillance where downloading or e-mail attachments went through a central server. In order to protect public order and national security, a 1998 post and telecommunications law allowed authorities to intercept and check the content of email messages. Filtering of e-mail messages of government opponents has been reported. Global Voices Advocacy Director and Tunisia Activist Sami Ben Gharbia conducted a test from the Netherlands with two Tunisia-based activists and confirmed by logging into their e-mail accounts from the Netherlands that what he saw was not what the activists saw when they logged in from Tunisia, and that they could not access all of the messages they received.
In early 2011 there was increasing evidence that the private e-mail accounts of Tunisian citizens along with login details of their Facebook pages had been targeted by phishing scripts put in place by the government.
There were increasing incidences of censorship in this manner as many dissidents were blocked from using the internet.
Furthermore, the Tunisian people spread videos and photos of violence taking place in the country at the time. This allowed for people outside of Tunisia to understand what was taking place in Tunisia during the revolution. This led to increased coverage of the events from outside the country, which helped spread awareness and ultimately help the people of Tunisia see their former President Zine El Abidine Ben Ali.
In addition to requiring a certain stage, each human item or alien class must be purchased using currency earned in game. The aliens are awarded "frags" for killing their foes which may be used to evolve (these points are commonly called "evolution points" or "evos" by players). The Humans gain "credits". Players earn currency by killing enemy players or by destroying enemy spawn or power structures ("Reactor" and "Overmind"); the amount of received currency depends on what class the opponent was (or what structure was destroyed) and how much of the target's total damage was dealt by the killing player. As a mechanism to encourage builders, who naturally don't engage in combat, players are also rewarded currency every two minutes by simply staying alive.
A government may officially set the rate of exchange of its currency with that of other currencies, typically the US dollar. When it does, the peg often overvalues the local currency relative to what its market value would be if it were a floating currency. Those in possession of the "harder" currency, for example expatriate workers, may be able to use the black market to buy the local currency at better exchange rates than they can get officially.
Carthaginian or Punic currency refers to the coins of ancient Carthage, a Phoenician city-state located near present-day Tunis, Tunisia.
Tunisia is known for economic and political stability, its highly educated workforce, while Islamic radicalism is weak. Tunisia does not have the resource curse of oil or mineral deposits that often determine instability. From 2000 to 2009, Tunisia grew at an annual rate of 5.2% and its per capita income of about $8,300 (in PPP terms) in 2009 was second only to Lebanon among the oil-importing MENA countries. The stability of the Tunisian Dinar and historically low inflation in Tunisia are positive indicators for its potential development of financial services. Inflation was 4.9% in FY 2007-08 and 3.5% in FY 2008-09. The Tunisian Dinar was less volatile in 2000-2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
The franc (French, ) was the currency of Tunisia between 1891 and 1958. It was divided into 100 centimes (صنتيم) and was equivalent to the French franc.
Lietaer devotes the latter part of the book to outlining the variety of currencies that have existed in the past and exist today, with an outline of how they can be optimized towards what he describes as "sustainable abundance", the most preferable outcome of the five scenarios listed in the first part. Complementary currencies are divided into work enabling currencies, such as the Worgl Stamp Scrip, Wära, and Ithaca Hour, and community enabling currencies, such as LETS, and also gives examples of corporate currencies, such as Frequent Flyer Miles. 
It is well recognized that traditional "textbook" theory does not price cross currency (basis) swaps correctly, because it assumes the funding cost in each currency to be equal to its floating rate, thus always giving a zero cross currency spread. This is clearly contrary to what is observed in the market. In reality, market participants have different levels of access to funds in different currencies and therefore their funding costs are not always equal to LIBOR.
It is a criminal offence in Tunisia to import or export dinar. Every year, each citizen can convert into foreign currency up to 6,000 Tunisian dinars before departure from the country.[6] Therefore, prices at duty-free shops are in convertible currencies such as euros, US dollars and British pounds. There are many converting ATMs in the country for tourists.
Currency analytics allow companies to mitigate cash flow risk by uncovering accounting exposures to match the economic exposures so the company can hedge the accounting exposure as a proxy. Currency analytics enable what/if scenario analysis so companies can model how volatility in particular currencies could impact their revenue and expenses in the future.
Thenae was founded as a Phoenician colony on the Mediterranean coast of what is now southeastern Tunisia. Along with the rest of ancient Tunisia, it passed into Carthaginian and then Roman control during the time of the Punic Wars.
According to the Tunisian Solar Plan (which is Tunisia's Renewable Energy Strategy not limited to solar, contrary to what its title may suggest, proposed by the National Agency for Energy Conservation), Tunisia's objective is to reach a share of 30% of renewable energies in the electricity mix by 2030, most of which should be accounted for by wind power and photovoltaics. , Tunisia had a total renewable capacity of 312 MW (245 MW wind, 62 MW hydropower, 15 MW photovoltaics.)
Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions. Others are simply traded for their economic value. Digital currency has arisen with the popularity of computers and the Internet.
Three types of currency unions exist:The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency.
Currency risk is the risk that foreign exchange rates or the implied volatility will change, which affects, for example, the value of an asset held in that currency. Currency fluctuations in the marketplace can have a drastic impact on an international firm's value because of the price affect on domestic and foreign goods, as well as the value of foreign currency denominate assets and liabilities. When a currency appreciates or depreciates, a firm can be at risk depending on where they are operating and what currency denominations they are holding. The fluctuation in currency markets can have effects on both the imports and exports of an international firm. For example, if the euro depreciates against the dollar, the U.S. exporters take a loss while the U.S. importers gain. This is because it takes less dollars to buy a euro and vice versa, meaning the U.S. wants to buy goods and the EU is willing to sell them; it's to expensive for the EU to import from U.S. at this time.
The cost of currency hedges—and thus "certainty what importers and exporters' money is worth"—has nothing to do with volatility whatsoever, as this cost is exclusively determined by the interest rate differental between two currencies. Nevertheless, as Tobin said, "If ... [currency] is suddenly withdrawn, countries have to drastically increase interest rates for their currency to still be attractive."[4][5]