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LOCAL CURRENCY IN DJIBOUTI

Would you like to know name of the currency in Djibouti? The money used in Djibouti is called Franc.

The Djiboutian Franc is issued and managed by the Central Bank of Djibouti. To find out the current currency exchange rates for franc to other major currencies of the world, click on foreign currency rates.

Djiboutian Currency Information
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The currency used in Djibouti is called as the Franc. This currency is denoted with the currency sign Fdj and the ISO 4217 Code for the Djiboutian Franc is DJF. The Franc, is the official currency of the Djibouti . It is divided into 100 smaller units called centime.

The constitution of Djibouti provides that the Djibouti government shall have the power to print the Djiboutian Franc and centime coins to be used as a legal tender in Djibouti. The Djiboutian Franc bank notes and Centime coins are both designated as "legal tender" in payment of debts.

The Djiboutian Franc bill uses the decimal system, consisting of 100 equal units.

The symbol Fdj, usually written before the numerical amount, is used for the Djiboutian Franc.

Currently printed bank notes denominations are 1000, 2000, 5000, 10,000 Fdj and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50, 100, 500 Fdj .

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How Does Balance of Trade and Investment Affect the Value of the Djiboutian franc
Financial analysts regularly cite the balance of trade and investment in Djibouti as the most important influence on the value of the Franc. The difference between what the Djibouti exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Franc exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Franc exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Djiboutian Franc.
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