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.