Djibouti - Money

The Djiboutian franc has been tied to the U.S. dollar since 1973 at Dfr 177.72:US$1, which allows for considerable stability, although the Djiboutian franc has experienced a steady climb against the French franc. Foreign reserves have been steady during the 1990s and stood at $66 million in 1998. Devaluation of the Djiboutian franc seems unlikely in the foreseeable future. The Banque Nationale de Djibouti, the central bank, controls the money supply through the issue of currency and regulates the commercial banks.

Trade (expressed in billions of US$): Djibouti
Exports Imports
1975 .015 .140
1980 .012 .213
1985 .014 .201
1990 .025 .215
1995 N/A N/A
1998 N/A N/A
SOURCE : International Monetary Fund. International Financial Statistics Yearbook 1999.

Exchange rates: Djibouti
Djiboutian francs per US$1
Jan 2001 177.721
2000 177.721
1999 177.721
1998 177.721
1997 177.721
1996 177.721
Note: Djibouti currency has been at a fixed rate since 1973.
SOURCE : CIA World Factbook 2001 [ONLINE].

GDP per Capita (US$)
Country 1975 1980 1985 1990 1998
Djibouti N/A N/A N/A N/A 742
United States 19,364 21,529 23,200 25,363 29,683
Egypt 516 731 890 971 1,146
Eritrea N/A N/A N/A N/A 175
SOURCE : United Nations. Human Development Report 2000; Trends in human development and per capita income.
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