Djiboutian Franc (DJF)

Basic Concepts of the Djibouti Franc

The Djibouti franc is the legal tender of the Republic of Djibouti, issued and managed by the country's central bank, with the currency code DJF and symbol Fdj.

Area of use

The Djibouti franc circulates primarily within the Republic of Djibouti as the country's sole official currency for day-to-day transactions and economic activities.

Unit and denomination

The Djibouti franc is denominated in francs, and the secondary unit of currency is the cent, with 1 franc equaling 100 cents. Common denominations of banknotes include 1,000, 2,000, 5,000 and 10,000 francs, and coins are available in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 francs.

Historical background

The Djibouti franc was first issued in 1949, replacing the French franc that preceded it, and was pegged to the U.S. dollar to maintain exchange rate stability. Its development reflects Djibouti's economic transformation from a French colony to an independent country.