Bey's decree on the currency reform based on the Piastre (Riyal) in silver; effective 03.09.1847 [AH:22.09.1263] by confirmation by the Turkish Sultan
03.09.1847
Start of currency exchange: - 03.09.1847: Start of issuance of the new coinage - ??.??.????: Demonetization of the Ottoman currency
23.10.1855
AH:11.02.1272
Bey's decree on the transition to the bimetallic standard; effective immediately (?). - 26.06.1856 (AH:22.10.1272): Bey's decree on the reduction of the gold-to-silver ratio (weight increase of the gold coins); effective immediately (?) - 21.04.1872 (AH:12.02.1289): Bey's decree on the reduction of the gold-to-silver ratio to the French standard (weight reduction of the silver coins); effective immediately (?)
23.10.1855
Start of issuance of the new gold coins in the 1855 standard - 26.06.1856: Start of issuance of the gold coins in the revised 1856 standard - 06.07.1856: Demonetization of the gold coins in the 1855 standard.
30.05.1878
AH:28.05.1295
Bey's decree on a devaluation of gold coins below 25 Piastres and all silver coins below their denomination; effective immediately: - Gold: 10 Piastres were reduced to 9¾ Piastres [-2.5%]; Silver: 4 Piastres were reduced to 3¼ Piastres [-6.25%] - 07.07.1878 (AH:07.07.1295): End of exchange period (originally 30 days, then extended) during which coin holders could present the devaluated coins for countermarking ("star") and were entitled to a compensation that was to be paid out within 4 weeks; aferwards, all coins with or without countermark were devalued.
1858-1881
Revision of the copper coinage: - 03.08.1858 (AH:22.12.1274): Ordinance on the reduction by 50% of the weight of the copper coins (earlier coins were countermarked with the revised denomination); effective immediately - 24.03.1864 (AH:15.10.1280): Ordinance on the issuance of new copper coins (at 8 Kharub per 30 grams copper); issuance started on 24.05.1866 (AH:09.01.1283) and the old coins were to be exchanged within 3 months - 19.12.1866 (AH:11.08.1283): Ordinance on the 2-step devaluation of the 1864 copper coins by 75% (to 2 Kharub per 30 grams copper), which had triggered a copper inflation; effective 23.12.1866.
Valuation Regimes
1847-1855
Metallic currency based on circulating silver coins. Base weight was the Tunisian ounce (uqiya) / 16 kharub / 10 niwaya at 31.488 grams.
1855-1891
Metallic currency based on circulating gold and silver coins. Base weight was the Tunisian ounce (uqiya) / 16 kharub / 10 niwaya at 31.488 grams.
Rate Arrangements
03.09.1847
Metallic
Piastre: 2'833.92mg AG fine
1 Piastre of 16 Tunisian niwaya silver 0.900 fine
23.10.1855
Metallic
Piastre: 159.41mg AU fine & 2'833.92mg AG fine
1 Piastre of 0.9 Tunisian niwaya gold 0.900 fine and 16 Tunisian niwaya silver 0.900 fine => AU : AG = 17.778
26.06.1856
Metallic
Piastre: 159.41mg AU fine & 2'833.92mg AG fine
1 Piastre of 1 Tunisian niwaya gold 0.900 fine and 16 Tunisian niwaya silver 0.900 fine => AU : AG = 16.000
22.05.1872
Metallic
Piastre: 159.41mg AU fine & 2'833.92mg AG fine
1 Piastre of 1 Tunisian niwaya gold 0.900 fine and 15½ Tunisian niwaya silver 0.900 fine => AU : AG = 15.500
Time Period: 1891-1958
Currency: Tunisian Franc
Transition
0.60 : 1
Sub-units
Franc / 100 Cent
ISO4217
none (informal: TNF)
Timeline
01.07.1891
AH:24.11.1308
Bey's decree on the adoption of the French currency; effective immediately
15.09.1891
Start of currency exchange: - 15.09.1891: Start of issuance of the new coinage - ??.??.????: Demonetization of the former currency
07.05.1904
AH:20.10.1321
Bey's decree on the issuance privilege for paper money of the Bank of Algeria; effective 07.05.1904
12.01.1949
Law [No. 49] on the reconstitution of the "Bank of Algeria" and name change into "Bank of Algeria and Tunisia"; effective immediately
Valuation Regimes
1891-1958
Fixed rate against French Franc (1795)
Rate Arrangements
01.07.1891
Fixed
French Franc (1795) at 1 : 1
-
Time Period: 1891-1958
Currency: Tunisian Dinar
Transition
1 : 1'000
Sub-units
Dinar / 1000 Millim
ISO4217
TND
Timeline
19.09.1958
AH:05.03.1378
Law [No. 90] on the establishment of the Central Bank of Tunisia; effective upon constitution of the bank on 04.11.1958
18.10.1958
AH:04.04.1378
Law [No. 109] on the currency reform; effective 01.11.1958
04.11.1958
Start of currency exchange: - 04.11.1958: Start of issuance of the new banknotes and coins - ??.??.????: Demonetization of the former currency
Valuation Regimes
1958-1971
Fixed rate against US Dollar
1971-1974
Fixed rate against French Franc (1958)
1971-1974
Variable rate
Rate Arrangements
01.11.1958
Fixed
US Dollar at 1 : 0.42
±0.0%
28.09.1964
Fixed
US Dollar at 1 : 0.525 - [Gold parity] 1'692.71mg AU fine