Djibouti / 2 Products

The Republic of Djibouti is a country in the Horn of Africa. It is bordered by Somalia to the south, Ethiopia to the southwest, Eritrea to the north, and the Red Sea and the Gulf of Aden to the east. It was a part of the Land of Punt in antiquity and was colonized by the French in the late 19th century. It was renamed the French Territory of the Afars and the Issas in 1967 and gained for independence in 1977.

Djibouti is near some of the world’s busiest shipping lanes, controlling access to the Red Sea and the Indian Ocean. Due to its location, Djibouti has been a major trading nation since antiquity. Coins from various empires circulated the region, including the Roman empire, the Byzantine empire, and the Ottoman empire. 

When the French colonized the nation, they introduced the French franc. The franc became the official currency of French Somaliland. The franc also circulated alongside the Indian rupee and the Maria Theresa Thaler. In 1908, the francs circulating in Djibouti were legally pegged at the value of the French franc. 

In between 1920 and 1922, the Chamber of Commerce issued tokens struck in zinc, aluminum, bronze, and aluminum bronze. These tokens came in denominations of 5 centimes, 10 centimes, 25 centimes, 50 centimes, and 1 franc. 

In 1948, the first series of Djiboutian coins were issued. A year later, an independent Djiboutian franc was pegged to the US dollar, following the value of the French franc under the Bretton Woods system. These coins were made of aluminum and came in denominations of 1 franc, 2 francs, and 5 francs. 

The aluminum-bronze 20-franc coin was introduced in 1952. In 1965, the aluminum-bronze 10 francs were introduced. The cupro-nickel 50-franc and 100-franc coins were introduced in 1970. Nineteen years later, the aluminum-bronze 500 francs were added. The bimetallic 250-franc coin was introduced in 2013. All these coins feature the national coat of arms of Djibouti.

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