Governor's decree on the rating of foreign trade coins: - 1 Maria Theresa Thaler = 4.20 French Francs; 1 Indian Rupee = 2 French Francs (the market values fluctuated as 1 Thaler = 3.90~4.10 Francs; Rupee = 1.80~1.90 Francs).
around 1920
Counter-stamping of Thalers and Indian Rupees by traders and silver smiths to authorize them for payments in the cities of Djibouti and Obock and Sheikh Said (on the Yemenite coast) which was not under French suzerainty at this time. The authenticity of these counter-stamps is disputed.
Time Period: 1909-
Currency: Djiboutian Franc
Transition
-
Sub-units
Franc / 100 Cent
ISO4217
DJF
Timeline
06.01.1908
Start of operations of the Bank of Indochina in Djibouti (city), based on the colonial privilege of 16.05.1900 and 03.04.1901); banknote issuance began on 01.05.1909.
1919-1950
Circulation of emergency tokens issued in the name of the Djibouti Chamber of Commerce: - 30.11.1919: Ordinance on the issuance of local emergency tokens; effective immediately (issuance began in 1920) - around 1926: Withdrawal of the 1920-1921 emergency tokens. - 12.03.1942: Ordinance on the re-issuance of 1921 emergency tokens with different ratings; effective immediately: 25 Cents 1921 (re-issued on 11.04.1942) circulated as 1 Franc, 5 Cents 1921 (re-issued on 19.06.1942) circulated as 50 Cents. - 30.12.1950: Demonetization of the 1942 emergency tokens.
25.01.1943
Ordinance on the demonetization of the Maria Theresa Thalers and other foreign trade coins; effective immediately (?)
25.09.1948
French law [No. 48-1482] on the revocation of the issuance privilege of the Bank of Indochina in Indochina, India, Somaliland, New Caledonia and Oceania; effective upon establishment of a successor institution.
17.03.1949
French ordinances on redefining the monetary order: - Ordinance [No. 49-374] on the separation of the Djiboutian Franc from the French Franc (and the CFA Franc); effective 20.03.1949. - Ordinance [No. 49-375] on the issuance of subsidiary coinage; effective 20.03.1949. - Ordinance [No. 49-376] on the pegging of the currency to the US dollar (at the fixing rate of 20.03.1949); effective 20.03.1949.
17.03.1949
French Ordinance [No. 49-377] on the establishment of the Treasury as successor to the Bank of Indochina. - around 1952: Start of issuance of banknotes (subsidiary coins around 1949) with country name of "French Somali Coast" - around 1969: Start of issuance of banknotes and subsidiary coins with country name of "French Afars and Issas Territory" (earlier money remained in circulation).
08.05.1977
French law [No. 79-357] on the transfers of the monetary sovereignty to the Djiboutian state; effective upon Dibouti's independence on 27.06.1977
03.12.1977
Presidential decree [No. 77-070/PR] on the establishment of the National Bank of Djibouti as central and government owned commercial bank; effective upon constitution of the bank on 18.04.1979 (by presidential decree [No. 79-030/PR] of that day)
around 1979
Start of issuance of new banknotes (subsidiary coins around 1977), earlier money remained in circulation
16.01.2005
Law [No. 91/AN/05/5ème L] on the establishment of the Central Bank of Djibouti (without commercial bank operations); effective immediately
Valuation Regimes
1909-1949
Nominally identical to the French Franc (1795), convertibility was restricted