Djiboutian franc moroccan dirham exchange rate history (DJF MAD) August 2023

Djiboutian franc moroccan dirham history for August 2023. The highest quote for this month is 0.057506 (24/08/2023) and the lowest 0.057071 (18/08/2023). The difference between high and low is 0.76.

DJF MAD average rate for August 2023 is 0.05514, the change between 01/08/2023 and 31/08/2023 is +0.54 %.

01 August 2023	1 DJF = 0.0554 MAD
02 August 2023	1 DJF = 0.0555 MAD
03 August 2023	1 DJF = 0.0541 MAD
04 August 2023	1 DJF = 0.0553 MAD
07 August 2023	1 DJF = 0.0542 MAD
08 August 2023	1 DJF = 0.0536 MAD
09 August 2023	1 DJF = 0.0528 MAD
10 August 2023	1 DJF = 0.0530 MAD
11 August 2023	1 DJF = 0.0533 MAD
12 August 2023	1 DJF = 0.0556 MAD
14 August 2023	1 DJF = 0.0544 MAD
15 August 2023	1 DJF = 0.0555 MAD
16 August 2023	1 DJF = 0.0554 MAD
17 August 2023	1 DJF = 0.0557 MAD
18 August 2023	1 DJF = 0.0558 MAD
19 August 2023	1 DJF = 0.0562 MAD
20 August 2023	1 DJF = 0.0562 MAD
21 August 2023	1 DJF = 0.0549 MAD
22 August 2023	1 DJF = 0.0561 MAD
23 August 2023	1 DJF = 0.0562 MAD
24 August 2023	1 DJF = 0.0562 MAD
25 August 2023	1 DJF = 0.0565 MAD
28 August 2023	1 DJF = 0.0559 MAD
29 August 2023	1 DJF = 0.0555 MAD
30 August 2023	1 DJF = 0.0553 MAD
31 August 2023	1 DJF = 0.0551 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.

Historic Djiboutian franc Moroccan dirham