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.
History of Tunisia
As the 19th century commenced, the country remained quasi-autonomous, although officially still an Ottoman province. Trade with Europe increased dramatically with western merchants arriving to establish businesses in the country. In 1861, Tunisia enacted the first constitution in the Arab world, but a move toward a modernizing republic was hampered by the poor economy and by political unrest. Loans made by foreigners to the government were becoming difficult to manage. In 1869, Tunisia declared itself bankrupt; an international financial commission, with representatives from France, the United Kingdom, and Italy, took control over the economy.