Tunisian dinar
Tunisia had a historically low inflation. The 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.
Tunisian bread riots
The European economy in 1983 had been stagnant for some years. This had affected Tunisia since its economy relied on exports to Europe and tourists from Europe. The government was struggling to meet rising expenses when a fall in the price of oil towards the end of 1983 further reduced revenue. President Bourguiba agreed to seek a loan from the International Monetary Fund (IMF). The IMF loan was conditional on government spending cuts, removal of exchange controls, elimination of protective tariffs and devaluation of the currency.