Search results
Results from the WOW.Com Content Network
In 1949, an independent Djiboutian franc came into being when the local currency was pegged to the US dollar at a rate of 214.392 francs = 1 dollar. This was the value which the French franc had under the Bretton Woods system until a few months before. Consequently, Djiboutian currency appreciated relative to the French franc, and the ...
In the 21st century, Inflation has been kept low through fixed pegging of the Djibouti franc to the US dollar, but experienced a sharp spike in the late 2000s, when it reached values three times higher than the average of the last 20 years. [10] Despite experiencing economic growth, the country continues to struggle with high unemployment.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Currency quotations use the abbreviations for currencies that are prescribed by the International Organization for Standardization (ISO) in standard ISO 4217.The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).
(Reuters) -U.S. stock futures rose ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president ...
The franc is near its highest in eight months against the dollar and in nine years against the euro, reflecting its status as a safe-haven currency and expectations for European and U.S. rate cuts.
The Djiboutian franc is the currency of Djibouti. It is issued by the Central Bank of Djibouti, the country's monetary authority. Since the Djiboutian franc is pegged to the U.S. dollar, it is generally stable and inflation is not a problem. This has contributed to the growing interest in investment in the country. [170] [173] [174]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!