Djiboutian Franc
Franc djiboutien
Currency Code
DJF
ISO 262
Symbol
DJF
Native: Fdj
Decimal Digits
0
Rounding: 0
Countries
DJ
Using this currency
Currency Units
Major Unit
Name: franc
Symbol: Fdj
Minor Unit
Name: centime
Symbol:
Value: 0
Banknotes
Frequently Used
1000 Fdj2000 Fdj5000 Fdj10000 Fdj
Rarely Used
40 Fdj
Coins
Frequently Used
1 Fdj2 Fdj5 Fdj10 Fdj20 Fdj50 Fdj100 Fdj250 Fdj500 Fdj
Plural Forms
English Plural
Djiboutian francs
Native Plural
Francs djiboutiens
Overview
The Djiboutian Franc is the currency of Djibouti, pegged to the US dollar since 1973. It is managed by the Central Bank of Djibouti and serves the country's strategic port economy at the entrance to the Red Sea.
Economy
- Djibouti is a member of AU, Arab League, IGAD, OIC.
- Main industries include: Construction, Agricultural processing, Shipping.
- Djibouti is part of the World Trade Organization.
- Imports are foods, beverages, transport equipment, chemicals, petroleum products.
- Major exports include reexports, hides and skins, coffee, scrap metal.
- GDP: $3.7 billion (2023 est.).
- GDP per capita: $3,640 (2023 est.).
- Unemployment rate: 26% (2014 est.).
- Inflation rate: 1.8% (2023 est.).
- Main trading partners: Ethiopia, Somalia, Brazil, Yemen, South Korea, India.
- Trade agreements: COMESA, Various bilateral agreements.
History
- Previous currencies used: French franc, Côte française des Somalis franc.
- The Djiboutian franc was introduced in 1949, initially pegged to the French franc. It switched to a US dollar peg in 1973 and has maintained this arrangement for monetary stability.
- 1949: DJF introduced, pegged to French franc
- 1973: Peg switched to USD at 177.721:1
- 1977: Independence from France
- 1991: Central Bank of Djibouti established
- 2008: Port expansion and economic growth
- 2017: China-Djibouti railway completed
- Exchange rate peg: USD (1973-present) at 177.721 DJF = 1 USD.
- Exchange rate peg: FRF (1949-1973).
- Currently pegged to USD at 177.721 DJF = 1 USD.
General Information
- ISO 4217 Code: DJF
- Symbols: DJF/Fr
- Currency Subunits: 100 centimes
- Central Bank: Central Bank of Djibouti
- Monetary Policy: Currency board system maintaining USD peg. Focus on price stability and supporting port-dependent economy and strategic location benefits.
- Bills: 1000 DJF, 2000 DJF, 5000 DJF, 10000 DJF
- Coins: 1 franc, 2 francs, 5 francs, 10 francs, 20 francs, 50 francs, 100 francs, 250 francs, 500 francs
- USD Exchange Rate: 177.721
- Pegged To: USD at 177.721 DJF = 1 USD
- Capital: Djibouti
- Population: 1,016,097 (2023 est.)
- Area: 23,200 km²
- Languages: French (official), Arabic (official), Somali, Afar
- Time Zones: UTC+3 (East Africa Time)
- Government Type: Presidential republic
- Head of Government: President (head of state and government)
- Independence: June 27, 1977 (from France)
- Ethnic Groups: Somali 60%, Afar 35%, Other 5%
- Religions: Muslim 94%, Christian 6%
- Literacy Rate: 67.9% (2015 est.)
- Transport: Djibouti-Ambouli International Airport, modern port facilities, railway to Ethiopia, strategic location at Bab el-Mandeb strait
- Communications: Basic telecommunications, 59% internet penetration, mobile network coverage
- Energy: Fossil fuels 100%, developing geothermal and solar projects
- Countries Using This Currency: Djibouti
- Data Sources: Central Bank: Central Bank of Djibouti, Economic Data: Djibouti National Institute of Statistics, World Bank, IMF, Trade Data: Djibouti Ports and Free Zones Authority, Demographic Data: Djibouti National Institute of Statistics, Geographic Data: Djibouti Meteorological Agency, Historical Data: Central Bank of Djibouti archives
- Last Updated: 2025