SEK to DJF

SEK - Swedish Krona (kr)
DJF - Djiboutian Franc (Fdj)
1 SEK1 DJF

Currency conversion rates from SEK to DJF

SEKDJF
1 SEK1 DJF
5 SEK5 DJF
10 SEK10 DJF
20 SEK20 DJF
50 SEK50 DJF
100 SEK100 DJF
250 SEK250 DJF
500 SEK500 DJF
1000 SEK1000 DJF
2000 SEK2000 DJF
5000 SEK5000 DJF
10000 SEK10000 DJF
DJFSEK
1 DJF1 SEK
5 DJF5 SEK
10 DJF10 SEK
20 DJF20 SEK
50 DJF50 SEK
100 DJF100 SEK
250 DJF250 SEK
500 DJF500 SEK
1000 DJF1000 SEK
2000 DJF2000 SEK
5000 DJF5000 SEK
10000 DJF10000 SEK

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)


SEK - Swedish Krona (kr)

The Swedish krona (plural: kronor) is the official currency of Sweden. Its commonly used code is SEK and its symbol is ‘kr’. The most popular krona exchange is with the euro. The krona is the ninth most traded currency in the world. Its currency conversion factor has 6 significant digits. The krona is a fiat currency.

The Swedish Krona has been the currency of Sweden since 1873. It is issued by the Swedish central bank, Sveriges Riksbank. In English, the currency is sometimes referred to as the Swedish crown (Krona means crown in Swedish).

The Swedish Krona is the currency in Sweden (SE, SWE). The Swedish Krona is also known as Kronas. The symbol for SEK can be written kr, Sk, and Skr. The Swedish Krona is divided into 100 ore. The exchange rate for the Swedish Krona was last updated on Today from The International Monetary Fund. The SEK conversion factor has 6 significant digits.

Economy

  • Sweden has achieved an enviable standard of living, due to high-tech capitalism, extensive social benefits, a modern distribution system, and a highly skilled labor force.
  • The economy is heavily oriented to foreign trade, utilizing a resource base of timber, hydro power, and iron ore.
  • The global economic crisis of 2008 reduced export demand and consumption, causing the Swedish economy to slide into recession despite its strong finances and underlying fundamentals. Strong commodity exports contributed to a strong rebound in 2010-2011.

History

  • The Swedish Krona was introduced in 1873, replacing the Riksdaler at par. The currency was introduced as a result of the Scandinavian Monetary Union with Norway and Denmark, which lasted until World War I. Currencies under the treaty were under the gold standard.
  • The Monetary Union ended with the outbreak of World War I in 1914. Sweden abandoned the gold standard on August 2, 1914, and without a fixed exchange rate the union came to an end.
  • By treaty, Sweden is required to join the eurozone and convert to using the Euro. However, most Swedes are opposed to adopting the currency. On September 14, 2003, 56% of a high turnout of voters rejected adopting the Euro. Taking advantage of a loophole, the Swedish government has opted not to join ERM II, a precondition to adopting the Euro.

More information about SEK - Swedish Krona (kr)