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.
History of modern Tunisia
In its modern history, Tunisia is a sovereign republic, called the al-Jumhuriyyah at-Tunisiyyah. Tunisia has over ten million citizens, almost all of Arab-Berber descent. The Mediterranean Sea is to the north and east, Libya to the southeast, and Algeria to the west. Tunis is the capital and the largest city (over 800,000); it is located near the ancient site of the city of Carthage.