Ordinance on the rating of foreign trade coins: Maria Theresa Thaler = 4.20 French Francs and Indian Rupee = 2 French Francs (on the market places, however, their values fluctuated at Thaler = 3.90~4.10 Francs and Rupee = 1.80~1.90 Francs)
1900-1920
Counterstamping of Thalers and Indian Rupees by traders and silver smiths to authorize them for payments. This was done for Djibouti and Obock, but also for Sheikh Said (on the Yemenite coast) which was not under French suzerainty at this time. The authenticity of the counterstamps are 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); issuance of banknotes began on 01.05.1909
1919-1950
Circulation of emergency tokens issued in the name of the Djibouti Chamber of Commerce: - 30.11.1919: Colonial ordinance, authorizes the emergency tokens; issuance began 1920 - ??.??.1926: Withdrawal of the tokens - 12.03.1942: Colonial ordinance, authorizes the re-issuance of the emergency tokens, the denominations of 25, 5 Cents were rated 1 Franc, 50 cents; implemented on 11.04.1942 and 19.06.1942 - 30.12.1950: Demonetization of the (re-issued) tokens.
25.01.1943
Ordinance on the demonetization of the Maria Theresa Thalera and other foreign trade coins; effective immediately (?)
17.03.1949
French ordinances on redefining the monetary order; (all) effective immediately: - [No. 49-374] on the formal separation of the Djiboutian Franc from the French Franc - [No. 49-375] on the issuance of subsidiary coinage - [No. 49-376] on the pegging of the currency to the US dollar (at the fixing rate of 20.03.1949) - [No. 49-377] on the transfer of the issuance authority from the Bank of Indochina to the Treasury.
??.??.1949
Start of issuance of banknotes and coins under the new name of "French Somali Coast"
??.??.1969
Start of issuance of banknotes and coins under the new name of "Afar and Issa Territory"
08.05.1977
French law [No. 79-357] transfers the monetary sovereignty to the Djiboutian state; effective 27.06.1977 (independence day)
03.12.1977
Presidential decree [No. 077-070/PRE] on currency and central bank; effective immediately (?)
??.??.1977
Start of issuance of banknotes and coins under the (post-independence) name of "Republic of Djibouti"
Valuation Regimes
1909-1949
Nominally identical to the French Franc (1795), convertibility was restricted