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Djiboutian franc

Djiboutian franc
franc djibouti ‹See Tfd›(in French)
الفرنك الجيبوتي ‹See Tfd›(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

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

History

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.

Coins

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

Banknotes

Banque de l'Indochine, 5 Djibouti francs (1943).
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 Djiboutian Francs in 1979 Obverse.jpg 500 Djiboutian Francs in 1979 Reverse.jpg 500 francs Multiple colors Man at left, rocks in sea, storks at right Stern of ship at right 1979, 1988
1000 Djiboutian Francs in 1979 Obverse.jpg 1000 Djiboutian Francs in 1979 Reverse.jpg 1000 francs Red Woman at left, people by diesel passenger trains at center Trader with camels at center
5000 Djiboutian Francs in 1979 Obverse.jpg 5000 Djiboutian Francs in 1979 Reverse.jpg 5000 francs Multiple colors Man at right, forest scene at center Aerial view 1979
10000 Djiboutian Francs in 1979 Obverse.jpg 10000 Djiboutian Francs in 1979 Reverse.jpg 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 Djiboutian Francs in 2005 Obverse.jpg 1000 Djiboutian Francs in 2005 Reverse.jpg 1000 francs Red Ali Ahmed Oudoum Port of Djibouti 2005
2000 Djiboutian Francs in 2008 Obverse.jpg 2000 Djiboutian Francs in 2008 Reverse.jpg 2000 francs Blue Young girl at right, camel caravan at center Statue with and shield at lower left, government bldg. at center 1997
5000 Djiboutian Francs in 2002 Obverse.jpg 5000 Djiboutian Francs in 2002 Reverse.jpg 5000 francs Violet Mahmoud Harbi Dancers 2002
10000 Djiboutian Francs in 2009 Obverse.jpg 10000 Djiboutian Francs in 2009 Reverse.jpg 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 Djiboutian Francs in 2017 Obverse Commemorative.jpg 40 Djiboutian Francs in 2017 Reverse Commemorative.jpg 40 francs Multicolored Shark, corals Port of Djibouti 2017

Exchange rate

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 also

References

  • 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.