Convert Djiboutian Franc to Argentine Peso
Please provide values below to convert Djiboutian Franc [DJF] to Argentine Peso [ARS], or Convert Argentine Peso to Djiboutian Franc.
How to Convert Djiboutian Franc to Argentine Peso
1 DJF = 0.1403610889533 ARS
Example: convert 15 DJF to ARS:
15 DJF = 15 × 0.1403610889533 ARS = 2.1054163342995 ARS
Djiboutian Franc to Argentine Peso Conversion Table
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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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.