Central Bank of Djibouti

The Central Bank of Djibouti (French: Banque Centrale de 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:

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
To manage exchange control and regulate transactions in foreign currency or gold on behalf of the Government
To advise and assist the Government and public bodies on banking and other financial and monetary matters
To perform such functions as may be necessary to fulfill the said objects.

The bank is responsible to the government of Djibouti. It was established by the decree 79030 of 18 April 1979.[2]

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