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Djibouti Currency
A significant step to take before you travel to a new place is to check their currency and the conversion rate, so you have enough time to exchange money, thereby, avoiding a hassle when you eventually land there. Travelers to the small country situated in the Horn of Africa called Djibouti should be acquainted with the official currency called the Djiboutian franc which is issued by the Central Bank of Djibouti. The symbol of the Djibouti currency is Fdj.
Djibouti Currency
The historical subdivision of the Djibouti currency is 100 centimes. An analysis into the history of the Djibouti currency reveals that the French franc first circulated in 1884 alongside other currencies like the Indian rupee and the Maria Theresa thaler. From 1908, francs circulating in Djibouti were legally fixed at the rate of the French franc. The first banknotes were issued by the then Bank of Indochina in 1910 whereas it was not until 1948 when the first coins were officially issued in Djibouti. The Djibouti currency was first under independent Djibouti in 1949.
Djibouti Currency To PKR
The conversion rate of Djibouti currency to the Pakistani rupee is that 1 Pakistani Rupee Is equal to 1.44 Djiboutian Franc. Due to the high inflation, the centimes are not issued in any form while the francs are issued in bigger denominations. The highest denomination of the Djibouti currency is 10,000 Djibouti Franc banknote while the lowest is 1 Djibouti Franc coin. It is advised to double check the conversion rate of Djibouti currency from an exchange shop before departing for Djibouti.