Economy of Tunisia
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.
Tunisian franc
In 1946, the name of the bank changed to the "Banque de l'Algérie et de la Tunisie". Notes were issued for Tunisia in denominations of 20, 50, 100, 500, 1000 and 5000 francs, with the 20, 50 and 100 franc notes being replaced by coins in 1950.