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Live auction - 523043 - 5000 Francs DJIBOUTI 1979 P.38a

5000 Francs DJIBOUTI  1979 P.38a UNC-
5000 Francs DJIBOUTI  1979 P.38a UNC-5000 Francs DJIBOUTI  1979 P.38a UNC-
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All winning bids are subject to a 18% buyer’s fee.
Starting price : 100 €
Estimate : 200 €
Price : 100 €
Maximum bid : 100 €
End of the sale : 26 November 2024 15:18:31
bidders : 1 bidder
Face Value : 5000 Francs
Date: (1979)
Period/Provinces/Banks République - Banque Nationale
Catalogue reference : P.38a
Alphabet - series : Y.1 n°62755
Detailed grade description : Trace de comptage

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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5000 Francs DJIBOUTI  1979 P.38a UNC-
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