US embassy cable - 05DJIBOUTI20

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DJIBOUTI FRANC EXCHANGE RATE

Identifier: 05DJIBOUTI20
Wikileaks: View 05DJIBOUTI20 at Wikileaks.org
Origin: Embassy Djibouti
Created: 2005-01-05 11:26:00
Classification: UNCLASSIFIED
Tags: AFIN
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS DJIBOUTI 000020 
 
SIPDIS 
 
FOR ANGEL UYTINGCO/SHERRY CONNOLLY 
 
E.O. 12958: N/A 
TAGS: AFIN 
SUBJECT: DJIBOUTI FRANC EXCHANGE RATE 
 
REF: A) E-MAILS BETWEEN WILLIAM BOOTH, DONALD SIMMONS, 
ANGEL UYTINGCO, FSC CHARLESTON, AND JAMES MUTTOM, 
DJIBOUTI; B) EXCHANGE RATE REPORT CABLES DECEMBER 2004 
AND JANUARY 2-4, 2005 
 
1. FOR MANY YEARS, THE OFFICIAL EXCHANGE RATE USED BY 
THE EMBASSY HAS BEEN USD 1.00 = DF 176.95.  EXCHANGE 
RATE REFLECTED IN EXCHANGE RATE REPORT CABLES FOR 
DECEMBER 2004 AND JANUARY 2-4, 2005, ARE NOT/NOT 
ACCURATE REPRESENTATION OF LOCAL MARKET RATE FOR 
DJIBOUTI FRANCS. POST ENQUIRED AT THE BANQUE POUR 
COMMERCE ET L'INDUSTRIES DJIBOUTI, THE BANK USED FOR 
OUR USDO ACCOUNT, AND FOUND THAT THE EXCHANGE RATE FOR 
THE USDO ACCOUNT IS FIXED AT THE RATE DF 177.15 = USD 
1.00.  THE BANK CONFIRMED THAT THIS RATE IS LIKELY TO 
REMAIN STABLE FOR THE FORESEEABLE FUTURE. 
 
2. POST REQUESTS DJIBOUTI FRANC EXCHANGE RATE BE FIXED 
AT USD 1.00 = DF 177.00 FOR ALL EMBASSY TRANSCATIONS. 
 
RAGSDALE 

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