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E-auction 137-77976 - b97_3825 - 500 Francs DJIBOUTI 1927 P.09a

500 Francs DJIBOUTI  1927 P.09a AU
500 Francs DJIBOUTI  1927 P.09a AU500 Francs DJIBOUTI  1927 P.09a AU
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NO BUYER'S FEE.
Estimate : 550 €
Price : 412 €
Maximum bid : 2 000 €
End of the sale : 30 November 2015 20:14:00
bidders : 14 bidders
Face Value : 500 Francs
Date: 20 juillet 1927
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.09a
Additional reference : K.616a
Signatures : Simon, Thion de la Chaume
Detailed grade description : Ni pli, ni épinglage, infimes rousseurs

Historical background


DJIBOUTI

The opening of the Suez Canal gave the Gulf of Aden an unequaled strategic importance at the exit from the Red Sea. The English controlled Aden, the French bought Obock in 1862 while Marseille shipowners settled in Tadjoura. In 1884, a French protectorate was passed with the local potentates. The same was done with the Somali chiefs. Colonel Lagarde founded Djibouti in 1888. The capital was transferred in 1891 from Obock to Djibouti. Having colony status in 1894, the region took the name of Côte Française des Somalis in 1896.

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