In 2023, Tunisia boasts the highest-valued currency in Africa with the Tunisian Dinar (TND) trading at a rate of 3.07 Dinars per dollar. Introduced in 1958, post Tunisia's independence from France, it replaced the Tunisian franc. Initially, the TND was set at a rate of 0.42 dinars to the dollar, a peg that lasted until 1971. A consistently low inflation rate has played a key role in bolstering the TND's value.