AZN to DJF

AZN - Azerbaijani Manat (man.)

Azerbaijani Manat

The New Manat is the currency used in Azerbaijan. There were three Manat currencies issued. The 3rd issue replaced the previous Manat in 2006, with the the new Manat = 5 000 old Manat. There are similarities between the Euro and Manat banknotes; both were designed by Robert Kalina of Austria.

The Azerbaijani Manat is the currency in Azerbaijan (AZ, AZE). The Azerbaijani Manat is divided into 100 gopik. The exchange rate for the Azerbaijani Manat was last updated on May 24, 2019 from Yahoo Finance. The AZN conversion factor has 5 significant digits.

Economy

• The main economic base of Azerbaijan is oil.
• The Azerbaijan GDP grew by 41.7 in 2007 and was rated as the fastest-growing economy in the world.
• Agriculture forms 6% of the economy, services 32 %, and industry the remainder.
• The top industries are petroleum and petroleum products, cement, textiles, ore, iron, natural gas, cotton, and foodstuffs.
• There is a restriction on non-citizens; they are not allowed to export the national currency outside of Azerbaijan.
• The country has a low unemployment rate of 0.9%.
• The main export is oil. Caspian oil is transported via pipeline to various Mediterranean countries.

History

• The first Manat was issued 1919 and was in circulation until 1923. After Azerbaijan became part of the Soviet Socialist Republic, the Manat was known in Russia as the Ruble. Both languages were printed on the bank notes, as well as French. There were no coins or small denominations.
• The Russian Ruble was replaced by the second Azerbaijan Manat in 1992.
• The new Azerbaijan Manat introduced in 2006 is currently the national currency. Qəpik coins that went out of circulation between 1993 to 2006 were reintroduced.
• At the end of 2006 the old Manat was taken out of circulation.

More information about AZN - Azerbaijani Manat (man.)

DJF - Djiboutian Franc (DJF)

Djiboutian Franc

The official currency for the Djibouti is the Djibouti Franc (DJF). The symbol used for the Franc is Fdj. The Franc is subdivided into centimes; 1 DJF = 100 centimes.

The Djiboutian Franc is the currency in Djibouti (DJ, DJI). The symbol for DJF can be written DF. The Djiboutian Franc is divided into 100 centimes. The exchange rate for the Djiboutian Franc was last updated on May 24, 2019 from Yahoo Finance. The DJF conversion factor has 4 significant digits.

Economy

• The economy of Djibouti consists mainly of the service industry.
• There is almost no development in the agriculture or industrial sectors.
• Unemployment is high; more than 43% of the population falls under the poverty line.
• Private sector development and human capital accumulation need to be enhanced.
• Djibouti is strategically situated between the Red Sea and the Gulf of Aden. The country is used as a transit port and is a free-trade zone.

History

• Djibouti became part of the French protectorate in 1884. The Franc was introduced to Djibouti and was used along with the Indian Rupee and the Maria Theresa Thaler.
• In 1908, the Franc was officially fixed at the same value of the French Franc.
• In 1910, banknotes were issued by the Bank of Indochina.
• From 1919 to 1922, tokens and Commerce paper money were issued.
• In 1948, the first Djibouti coins were issued.
• In 1949, the Dijibout Franc was introduced and pegged against the US Dollar at 1 USD = 214.392 Francs.
• In 1952, production of banknotes was taken over by Public Treasury.
• In 1971 and 1973 the Franc was revalued. In 1973 the Franc was rated at  1 USD = 177.721 Franc and remains at that rate.
• In 1977, a new design of banknotes was issued and the national bank took over the printing of banknotes.

More information about DJF - Djiboutian Franc (DJF)