Ouch! Tunisia Dinar loses 20% of its value against euro in 2017

The Tunisian dinar, which has declined continuously since 2011, continues to crumble against the European and US currencies.

Good news for travelers…bad news for locals.

The dinar lost 20.4% of its value against the euro, and 8.9% against the US dollar between December 2016 and December 2017.

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The Tunisian dinar has even tumbled against other foreign currencies. In 2017, the dinar depreciated by 10.3% against the Japanese Yen and 15.3% against the Moroccan dirham year-on-year.

As a reminder, at the end of 2011, the US dollar was worth 1.4 dinar. Currently, it took 2.5 dinars to have a dollar.

As for the single currency, it was worth 1.95 dinar at the end of 2011. Today, the euro is worth 2.96 dinars.

Source:  African Manager 

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