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.
Tunisia
In 1869, Tunisia declared itself bankrupt and an international financial commission took control over its economy. In 1881, using the pretext of a Tunisian incursion into Algeria, the French invaded with an army of about 36,000 and forced the Bey to agree to the terms of the 1881 Treaty of Bardo (Al Qasr as Sa'id). With this treaty, Tunisia was officially made a French protectorate, over the objections of Italy. Under French colonization, European settlements in the country were actively encouraged; the number of French colonists grew from 34,000 in 1906 to 144,000 in 1945. In 1910 there were 105,000 Italians in Tunisia.