Djibouti Coin List

The official currency of Djibouti is the Djiboutian franc, which has been the country's currency since its independence in 1977. This monetary system has an interesting history and has undergone significant changes over the years.

Current currency and its history

The Djiboutian franc is pegged to the U.S. dollar at a fixed rate of 177.721 francs to the dollar. This stability has contributed to the country's economy. Prior to independence, Djibouti used the French Djibouti Franc, which was introduced in 1949 to replace the East African Rupee used during British rule.

Numismatic milestones

An important milestone in Djibouti's numismatics was the issuance of its first series of coins in 1991. These coins, which included denominations of 1, 2, 5, 10, 20, 20, 50, 100 and 500 francs, featured designs reflecting the local culture and fauna. In addition, Djibouti has issued commemorative coins on special occasions, such as the 20th anniversary of its independence in 1997, which are highly prized by collectors.