Djiboutian Franc Basics and Currency Exchange

The Djiboutian Franc is the official currency of Djibouti, a small country in the Horn of Africa. It's divided into 100 centimes, but centimes are no longer used in everyday transactions.

You can exchange your money for Djiboutian Francs at a bank, currency exchange office, or some hotels, but be aware that exchange rates may vary.

The Djiboutian Franc is the official currency of Djibouti, a country located in the Horn of Africa.

It was introduced in 1949 and is pegged against the U.S. dollar at an exchange rate of 1 USD = 177.721 DJF, a rate that remains in effect today.

The Djiboutian Franc is issued and managed by the Banque Centrale de Djibouti, which is responsible for printing and distributing banknotes and minting coins.

Coins are minted in denominations of 500, 250, 100, 50, 20, 10, 5, 2, and 1 franc, while banknotes are printed in 1,000, 2,000, 5,000, and 10,000 DJF denominations.

The most commonly used exchange rate for the Djiboutian Franc is the EUR/DJF rate, which is often used for international transactions.

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The Djiboutian Franc economy is heavily reliant on services and taxes connected to its deepwater port facilities, accounting for more than 75% of the country's gross domestic product (GDP).

The country's GDP grew at an annual rate of 7% in 2019, but it still struggles with poverty due to its lack of natural resources and arable land.

Djibouti's economy is also heavily dependent on foreign aid to fund its balance of payments and development projects.

Here's a breakdown of the country's economic indicators:

The Djiboutian Franc is the official currency of Djibouti, and it's used for everyday transactions within the country. It's divided into 100 centimes.

You can use the Djiboutian Franc to buy food, clothing, and other essential items at local markets and shops. The Franc is widely accepted in Djibouti, and it's the preferred method of payment for most transactions.

The Djiboutian Franc is pegged to the US dollar, which helps maintain its stability and value. This pegging also makes it easier for tourists and international businesses to use the Franc.

In Djibouti, you can exchange your currency for Djiboutian Francs at banks, currency exchange offices, or even at some hotels.

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The Djiboutian Franc Economy Overview is a complex and challenging system. Djibouti's economy is heavily reliant on services and taxes from its deepwater port facilities, accounting for more than 75% of the country's gross domestic product (GDP).

The country's lack of natural resources, such as oil, minerals, or forest products, has limited its industrial capabilities and export commodities. Animal hides and skins, as well as scrap metal, are among the few exportable goods.

Foreign aid plays a significant role in funding Djibouti's balance of payments and development projects. The country's economy is also heavily dependent on its strategic location, situated between the Gulf of Aden and the Red Sea, and its proximity to the Suez Canal.

Here are some key economic indicators for Djibouti:

The economy's growth and inflation rates have shown some improvement in recent years, with a 7% GDP growth rate in 2019 and a relatively low inflation rate of 2.39%.

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Sending and Receiving Money is a crucial aspect of the Djiboutian franc. Many people send money to Djibouti each year to support friends or family, pay for tuition, settle business transactions, and more.

High fees and exchange rates are associated with international money transfers through your bank, often constituting more than 10% of your transfer amount.

Fortunately, international money transfers are a competitive market with many trustworthy alternative providers offering better exchange rates than banks.

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The Djiboutian franc is one of around 180 currencies worldwide, trading against all other official currencies globally.

Exchange rates can fluctuate due to economic, political, and market factors, making it essential to check the current rate when traveling to, buying goods from, or sending money to Djibouti.

A higher exchange rate means the value of one currency has increased compared to another, while a lower exchange rate means the opposite.

You can follow the live exchange rate to the Djiboutian franc using tools like Monito's currency pages, which also allow you to see which providers offer the best deals and set up smart email alerts to follow fluctuations.

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The DJF/USD rate is up +0.25%, meaning the Djibouti Franc has increased in value compared to the US Dollar.

The average exchange rate over a period from 2024-2-5 to 2025-2-3 was 0.005625 US Dollars per Djibouti Franc.

Here are some key exchange rate statistics for the last 30 and 90 days:

You can also convert specific amounts of Djibouti Francs to US Dollars, such as 1000 DJF = 5.6604 USD, 5000 DJF = 28.302 USD, and so on.

To view exchange rates between the Djibouti Franc and the US Dollar for a particular year, you can click on one of the links below: 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016.

The best DJF to USD exchange rate today is 0.005660 USD, meaning for every Djibouti Franc you exchange, you will receive 0.005660 US Dollars.

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If you're looking to convert Djibouti Francs to US Dollars, you're in luck because we have a handy conversion chart. The chart shows data from February 5, 2024 to February 3, 2025, with an average exchange rate of 0.005625 US Dollars per Djibouti Franc.

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Here's a breakdown of the conversion rates for different amounts of Djibouti Francs:

As of February 4, 2025, 100 Djibouti Francs is equivalent to 0.5660 US Dollars.