Banking in Tunisia
Tunisia is known for economic and political stability, its highly educated workforce, while Islamic radicalism is weak. Tunisia does not have the resource curse of oil or mineral deposits that often determine instability. From 2000 to 2009, Tunisia grew at an annual rate of 5.2% and its per capita income of about $8,300 (in PPP terms) in 2009 was second only to Lebanon among the oil-importing MENA countries. The stability of the Tunisian Dinar and historically low inflation in Tunisia are positive indicators for its potential development of financial services. Inflation was 4.9% in FY 2007-08 and 3.5% in FY 2008-09. The Tunisian Dinar was less volatile in 2000-2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
Tunisian independence
France still retained control of Tunisia’s foreign affairs, and gradually the nations returned to the same arrangement of 1881. By November 1955, France granted Morocco independence; which helped pave the way for Tunisia’s independence. March 20, 1956, Tunisia achieved independence from France proposed by Habib Bourguiba. France, Tunisia, and Western Powers remained in good relations, and maintain significant economic and cultural links to this day.