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Central Bank of Djibouti |
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Central Bank of Djibouti
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The
Central Bank of Djibouti (French: Banque Centrale de Djibouti), the
supervises, regulates and inspects financial institutions of the Republic of
Djibouti, was created by order December 3,1977. The Central Bank of Djibouti
responsible to issues the banknotes and coins. |
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The official
Djibouti currency is Djiboutian Franc. The bank is responsible for managing
the currency of Djibouti, the country's foreign exchange position and the
national accounting. Objectives of Central Bank of Djibouti:
1.To issue and redeem notes and coins;
2.To supervise, regulate and inspect any financial institution which
operates in and from within Djibouti;
3.To promote the financial stability and soundness of financial institutions; |
4.To supervise, regulate or approve the issue of financial instruments by
financial institutions or by residents;
5.To assist with the detection and prevention of financial crime;
6.To foster close relations between financial institutions themselves and
between the financial institutions and the Government;
7.To manage exchange control and regulate transactions in foreign currency
or gold on behalf of the Government;
8.To advise and assist the Government and public bodies on banking and other
financial and monetary matters; and
9.To perform such functions as may be necessary to fulfill the said objects.
In achieving the objectives as mentioned above, the Central Bank commits itself to providing
effective support functions through a sound banking and financial control
system, appropriate information system and the development of competent and
qualified staff. |
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Central Bank of Djibouti |
HQ
Address: |
Avenue St
Laurent du Var
2818
Djibouti City
Djibouti |
Telephone: |
+253 35 27
51 |
Facsimile: |
+253 35 62
88 |
Website: |
www.banque-centrale.dj |
Swift Code: |
BCDJDJJD |
Currency: |
Djiboutian
Franc |
Banking Hours: |
Sunday - Thursday : 7.15am -
11.45am |
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The Central Bank participates in the activities
of international organizations that pursue economic stability in the
monetary sector through international cooperation. All banks and the
non-bank financial institutions in Djibouti, except for the securities
market intermediaries, operate under the supervision of the Central Bank.
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