The Central Bank of Djibouti is the monetary authority of Djibouti. It is responsible for managing the country's currency, the Djiboutian franc, as well as the national foreign exchange position and accounting.
Duties
Objectives of the Central Bank of Djibouti include:
The bank is responsible to the Djiboutian government. It was established by the decree 79030 of 18 April 1979.[2]
- To issue and redeem notes and coins
- To supervise, regulate and inspect any financial institution which operates in and from within Djibouti
- To promote the financial stability and soundness of financial institutions
- To supervise, regulate or approve the issue of financial instruments by financial institutions or by residents
- To assist with the detection and prevention of financial crime
- To foster close relations between financial institutions themselves and between the financial institutions and the Government