Banking in 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.
Tunis
Tunis has been the capital of Tunisia since 1159. Under Articles 43 and 24 of the Constitution of 1959, Tunis and its suburbs host the national institutions: the Presidential Palace, which is known as Carthage Palace, residence of the President of Tunisia, the Chamber of Deputies and the Chamber of Advisors and parliament, the Constitutional Council and the main judicial institutions and public bodies. The revised Tunisian Constitution of 2014 similarly provides that the National Assembly is to sit in Tunis (article 51) and that the Presidency is based there (article 73).