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.
Liberalism in Tunisia
The Tunisian Revolution was an intensive campaign of civil resistance, including a series of street demonstrations taking place in Tunisia, and led to the ousting of longtime president Zine El Abidine Ben Ali in January 2011. It eventually led to a thorough democratization of the country and to free and democratic elections with the Tunisian Constitution of 2014, which is seen as progressive, increases human rights, gender equality, government duties toward people, lays the ground for a new parliamentary system and makes Tunisia a decentralized and open government. And with the held of the country first parliamentary elections since the 2011 Arab Spring and its presidentials on 23 November 2014, which finished its transition to a democratic state. These elections were characterized by the fall in popularity of Ennahdha, for the secular Nidaa Tounes party, which became the first party of the country.