Banks in Tunisia Key Terms

Use the banks in Tunisia key terms to help with asset allocation decisions

While the banking system in Tunisia may not have the same reputation of most developed countries, it's rapidly growing in stature and scope. The network has roughly one banking institution for every 12,000 people, which is roughly equal to the U.S. and other nations. However, there are still areas that could use improvements. That's why it's prudent to research the system as thoroughly as possible prior to any deposit. An excellent starting point for this research is the banks in Tunisia key terms. These terms provide an excellent basis onto which you can build further industry expertise.

Central Bank of Tunisia

The Central Bank of Tunisia is the bank to the government of Tunisia and most other financial institutions in the country. The primary responsibilities of the Central Bank of Tunisia are to monitor and set monetary policy, the stability of the banking system, to regulate the banks and promote economic viability.

Union Internationale de Banque

The Union Internationale de Banque is one of the leading banks in Tunisia. The Société Générale of France own a majority interest in the bank.

Citi Group Tunisia

Citi Group Tunisia is one of the few truly international banks that operate in Tunisia. Citi Group has operations in most every developed country in the world. This worldwide presence makes it best banking option for foreign companies not wanting to deposit funds in a strictly Tunisian based bank.

Arab Tunisian Bank

The Arab Tunisian Bank is one of the leading commercial banks with a regional network in the country. A local bank can be an excellent option because they're familiar with local customs and banking practices.

Banque Internationale Arabe de Tunisie

The Banque Internationale Arabe de Tunisie is another local banking affiliate in Tunisia.

Tunisian dinar

The Tunisian dinar is the main currency in Tunisia. The stability of the banking system in Tunisia, or most any country for that matter, closely follows the lack of volatility in the primary currency. It's also important to monitor the exchange rate of the Tunisian dinar and the U.S. dollar to obtain a favorable conversion rate.