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The Djiboutian franc (Arabic: فرنك‎) is the currency of Djibouti. Its ISO 4217 currency code is DJF. Historically, it was subdivided into 100 centimes.

Djiboutian franc
franc djibouti (in French)
الفرنك الجيبوتي (in Arabic)
5 djiboutian francs.jpg
5 Djiboutian francs, minted in 1991.
ISO 4217
CodeDJF
Denominations
Subunit
 1/100centime
SymbolFdj
Banknotes40 (commemorative), 1000, 2000, 5000, 10,000 Fdj
Coins1, 2, 5, 10, 20, 50, 100, 250, 500 Fdj
Demographics
User(s) Djibouti
Issuance
Central bankCentral Bank of Djibouti
 Websitewww.banque-centrale.dj
Valuation
Inflation2.1% (2015 est.)
 SourceThe World Factbook, 2013 est.
Pegged withU.S. dollar = 177.721 francs

HistoryEdit

 
100 Djiboutian francs (1977).

From 1884, when the French Somaliland protectorate was established, the French franc circulated alongside the Indian rupee and the Maria Theresa thaler. These coexisted with 2 francs = 1 rupee and 4.2 francs = 1 Maria Theresa thaler.

From 1908, francs circulating in Djibouti were legally fixed at the value of the French franc. Starting in 1910, banknotes were issued for the then colony by the Bank of Indochina. Chamber of Commerce paper money and tokens were issued between 1919 and 1922.

In 1948, the first coins were issued specifically for use in Djibouti, in the name of the "Côte Française des Somalis". In 1949, an independent Djiboutian franc came into being when the local currency was pegged to the US dollar at a rate of 214.392 francs = 1 dollar. This was the value which the French franc had under the Bretton Woods system until a few months before. Consequently, the Djiboutian economy was not affected by the further devaluations of the French franc.

In 1952, the Public Treasury took over the production of paper money. French Somaliland's change of name in 1967 to the French Territory of the Afars and the Issas was reflected on both the territory's coins and notes. In 1971 and 1973, the franc was revalued against the US dollar, first to a rate of 197.466 to the dollar, then 177.721, a rate which has been maintained ever since. A further change in coin and banknote design followed independence in 1977.

CoinsEdit

 
10 and 20 Djiboutian francs, reverse (ca. 1991 and 1983).

Between 1920 and 1922, the Chamber of Commerce issued tokens struck in zinc, aluminium, bronze and aluminium-bronze in denominations of 5, 10, 25 and 50 centimes and 1 franc. Shapes included round, hexagonal and octagonal.

In 1948, aluminium 1, 2 and 5 francs were introduced. Aluminium-bronze 20 francs were introduced in 1952, followed by 10 francs in 1965. Cupro-nickel 50 and 100 francs were introduced in 1970, with aluminium-bronze 500 francs added in 1989.

From 2013, new coins of 250 francs were put in circulation to complement the other denominations.

Obverse Reverse Value Obverse Reverse Date of issue
    1 Franc Coat of arms of Djibouti Head of waterbuck ; value 1997
    2 Francs Coat of arms of Djibouti Head of waterbuck ; value 1977
    5 Francs Coat of arms of Djibouti Head of waterbuck ; value 1991
    10 Francs Coat of arms of Djibouti Dhow, Ocean Liner, Port of Djibouti,value 1997
    20 Francs Coat of arms of Djibouti Dhow, Ocean Liner, Port of Djibouti, value 1997
    50 Francs Coat of arms of Djibouti 2 camels 1989
    100 Francs Coat of arms of Djibouti 2 camels 1997
    250 Francs Coat of arms of Djibouti Djibouti francolin 2012
    500 Francs Coat of arms of Djibouti Value 1997

BanknotesEdit

Banque de l'Indochine, 5 Djibouti francs (1943).

Between 1910 and 1915, banknotes were introduced in denominations of 5, 20 and 100 francs. Chamber of Commerce notes were introduced in 1919 in denominations of 5, 10 and 50 centimes and 1 franc. The decline in the value of the French franc following World War I caused 500 and 1000 franc banknotes to be introduced in 1927 and 1938, respectively. 10 franc notes were introduced in 1946.

When the Public Treasury took over the production of paper money in 1952, the 5, 10 and 20 franc notes ceased production and 5000 franc notes were introduced. In 1970, the 50 and 100 franc notes were replaced by coins. In 1977, the National Bank took over production of banknotes. The only subsequent changes have been the introduction of 10,000 franc notes in 1984 and the replacement of the 500 franc note with a coin in 1989.

1979-1988 notes [1]
Obverse Reverse Value Main Colour Obverse Reverse Date of issue
    500 francs Multiple colors Man at left, rocks in sea, storks at right Stern of ship at right 1979, 1988
    1000 francs Red Woman at left, people by diesel passenger trains at center Trader with camels at center
    5000 francs Multiple colors Man at right, forest scene at center Aerial view 1979
    10,000 francs Brown and red Woman holding baby Fish and harbor scene 1984
1997-2002 notes [2][3]
Obverse Reverse Value Main Colour Obverse Reverse Date of issue
    1000 francs Red Ali Ahmed Oudoum Port of Djibouti 2005
    2000 francs Blue Young girl at right, camel caravan at center Statue with and shield at lower left, government bldg. at center 1997
    5000 francs Violet Mahmoud Harbi Dancers 2002
    10,000 francs Green President Hassan Gouled Aptidon Central Bank building 1999
2017 notes
Obverse Reverse Value Main Colour Obverse Reverse Date of issue
    40 francs Multicolored Shark, corals Port of Djibouti 2017

Exchange rateEdit

Current DJF exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

Note: Rates obtained from these websites may contradict with pegged rate mentioned above

See alsoEdit

ReferencesEdit

  • Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.