DEFINITION of 'DJF'
The ISO 4217 currency code for the Djiboutian franc, the official currency of the country of Djibouti. The Banque Centrale de Djibouti issues the DJF. It mints coins in 1, 2, 5, 10, 20, 50, 100 and 500 denominations. It prints banknotes in 1,000, 2,000, 5,000 and 10,000 denominations.
BREAKING DOWN 'DJF'
Djibouti is situated on the Gulf of Aden and is sandwiched between Somalia, Ethiopia and Eritrea. Because the country was formerly a colony of France, the djibouti was legally linked to the value of the French franc in 1908. It became an independent currency, and was pegged to the U.S. dollar, in 1949.
The currency market, also known as the foreign exchange market, is the largest financial market in the world.