Central Bank of Tunisia
Tunisia had a historically low inflation. The Tunisian 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.
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.