Convert Moroccan Dirham to Djiboutian Franc
Please provide values below to convert Moroccan Dirham [MAD] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Moroccan Dirham.
How to Convert Moroccan Dirham to Djiboutian Franc
1 MAD = 0.0506878759403785 DJF
Example: convert 15 MAD to DJF:
15 MAD = 15 × 0.0506878759403785 DJF = 0.760318139105677 DJF
Moroccan Dirham to Djiboutian Franc Conversion Table
| Moroccan Dirham | Djiboutian Franc |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.