Djibouti, a small country located in the Horn of Africa, has its own currency known as the Djiboutian franc (DJF). The Djiboutian franc is the basic unit of currency used in Djibouti for all financial transactions and daily commerce.

The Djiboutian franc, denoted by the currency code DJF, is further divided into smaller units called centimes. One Djiboutian franc is equivalent to 100 centimes. However, due to its low value, centimes are rarely used in everyday transactions.

The currency is issued by the Central Bank of Djibouti, the country's central monetary authority responsible for maintaining price stability and promoting economic growth. The bank ensures the availability and proper circulation of the Djiboutian franc throughout the country.

As of its introduction in 1949, the Djiboutian franc has remained the official currency of Djibouti. It replaced the former currency, the French franc, after Djibouti gained independence from France in 1977. The Djiboutian franc's exchange rate has been pegged to the United States dollar since 1973, with 1 USD equal to approximately 177.721 DJF.

The Djiboutian franc is widely accepted in the country for various transactions, including purchases, payments, and services. Djibouti's economy heavily relies on imports, and the Djiboutian franc is used for international trade as well.

When traveling to Djibouti, it is essential to exchange your currency for Djiboutian francs, as most local businesses do not accept foreign currencies. Currency exchange services are available at banks, currency exchange offices, and some hotels in major cities like Djibouti City.

It is worth noting that due to its relatively small size, the Djiboutian franc is not widely traded on international foreign exchange markets. Therefore, it may be challenging to exchange the currency outside of Djibouti.

In conclusion, the Djiboutian franc serves as the basic unit of currency in Djibouti, allowing locals and visitors to conduct various financial transactions within the country. Its exchange rate to the US dollar remains stable, providing a reliable benchmark for trade and commerce.

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