04/06/2020: Exchange rate stabilization
Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.
20/12/2017: Devaluation of Algerian Dinar
The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.
29/06/2014: 50th Anniversary of Algerian Dinar
Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.
01/09/2013: Replacement of coins with bi-metallic coins
Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.
01/01/2002: Introduction of new banknotes
New banknotes of the Djiboutian franc were introduced with enhanced security features.
21/12/1999: Introduction of Euro-Dinar Exchange Rate
The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.
15/09/1997: Second devaluation
The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.
17/09/1994: Introduction of New Dinar
A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.
08/05/1977: First devaluation
The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.
10/11/1973: Devaluation of Algerian Dinar
The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.
27/06/1973: Independence from France
Djibouti gained independence from France and the Djiboutian franc became the national currency.
07/05/1971: Algerian Dinar Pegged to French Franc
The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.
01/10/1964: Introduction of Algerian Dinar
The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.
01/01/1949: Introduction of the Djiboutian franc
The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.