Best Bitcoin Exchange for Djibouti

Djibouti is one of the hottest countries in the world and yet it offers breathtaking scenic diversity. Surrounded by volcanoes lies Lake Assal, which consists of up to 35% salt and is therefore the saltiest water on earth. Around the second large lake in Djibouti, Lake Abbé, there are grotesquely shaped salt columns that reach up to 50 metres.

The observation of a natural spectacle of a different kind is again possible in the bay of Ghoubbet. During a dive you can see an exotic underwater world as well as the rare whale sharks. If you want a little more life on your trip to Djibouti on land, you should not miss a visit to the capital. A mixture of different cultures and full of contrasts awaits the traveller. At the latest to buy souvenirs on the colourful and lively market Marché Central, one should know where one can withdraw money in Djibouti, so that there is enough cash in the travel money. Which means of payment are accepted and what the local currency is can be seen in the following article.

Djibouti Franc (DJF) – the local currency

Overview Banknotes Djibouti FrancThe national currency and official means of payment in Djibouti is the Djibouti franc, divided into 100 centimes. The currency is available in coins and banknotes, the denominations of which are shown in the table below:

• Coins: 5, 10, 20, 50, 100, 500 Djibouti francs
• Notes: 1000, 2000, 5000, 10,000 Djibouti francs

There are no restrictions on the import and export of Djibouti francs or foreign currencies.

Change money in Djibouti

For a trip to Djibouti it is advisable to take Euro and US Dollar with you. US dollars have the advantage that you can pay with them in some hotels, restaurants or car rentals. The exchange into the local currency is especially advisable when travelling in the surrounding area, because there are no possibilities for an exchange of money and US dollars are not always accepted. Money can be exchanged in Djibouti City in banks and exchange offices. There is also the alternative of changing money in hotels. However, this is only advisable to a limited extent, as hotels charge high fees for this.

In Djibouti City, the banks are usually open from Saturday to Thursday from 07:15 a.m. to 11:45 a.m. When exchanging US dollars for Djibouti francs, it should be noted that only banknotes from the printing year 2000 and in perfect condition are accepted.

Cashing traveller’s cheques in Djibouti

This type of means of payment experiences a worldwide return flow and even when travelling to Djibouti, it is less advisable to take traveller’s cheques with you. Traveler’s cheques offer the advantage of being replaced directly in the event of a loss, but in Djibouti they can only be exchanged in the capital. If you decide to take traveller’s cheques with you as supplementary means of payment, you should make sure that they are issued in the local currency. It is also advisable to pay attention to a good mixture of different means of payment in the travel cash and not to limit oneself to only one. In addition to sufficient cash, you should also take at least one credit card with you in order to be prepared for any payment situation.

Cashless payment in Djibouti

In Djibouti City payment by credit card is partially possible. It is important to know that visas are accepted. Mastercard is often not accepted at all. When making cashless payments, it is important to note that a surcharge of between 1 and 4 % will be added.

The amount of the foreign assignment fee depends on the credit card contract concluded. For more detailed information, you can contact the credit card institute directly, which provides binding information. In Djibouti, however, cash payment is generally preferred, which is why it is always advisable to have sufficient cash available in your travel fund.

Withdrawing money in Djibouti by EC card

In the small African country there are few ATMs and these are located only in the capital. Unfortunately the ATMs do not accept EC-cards for withdrawing money, but only credit cards. Also, in Djibouti, no V-Pay card will work, as their function is generally limited to the Euro countries. After all, one does not have to pay the foreign assignment fee, which is usually charged by the house bank. But what should by no means be missing in the travel fund is a credit card, as money can be withdrawn with it in Djibouti. All further information on the subject of credit cards and which one is best suited can be found in the next section.

Withdraw money in Djibouti by credit card

The Visa Card can be used to withdraw money from ATMs in the capital. You can also withdraw cash at some banks. Especially when travelling in the surrounding area, one should buy sufficient local currency in advance, as in the more rural regions, neither money can be withdrawn nor exchanged.

If one uses one’s credit card to withdraw money in Djibouti, one should know that most credit card institutes charge a fee for the foreign assignment. Depending on the credit card contract, the foreign assignment fee varies between 1% and 4%. Not so with credit cards via the following list. There the few banks are listed, which offer a free credit card, with which one can withdraw money free of charge. However, withdrawing money free of charge is not limited to Djibouti, but is possible worldwide. Credit cards are the ideal addition to any travel budget, as they are accepted far more frequently than EC cards and the new V-Pay cards.

The application is done online in a few minutes and the application only needs to be printed out afterwards. At the nearest post office, the account can be easily identified using the Postident procedure, which only requires a valid identity card or passport. Once the application has been sent, a processing time of approximately two weeks should be expected. This period must be included in the travel preparations so that the new card arrives on time.

Safety when withdrawing money in Djibouti

As on every journey, one should not be negligent in Djibouti with the usual security measures when withdrawing money. A concealed PIN entry at the ATM should be a matter of course and the separate storage of card and PIN is also recommended. In the event of loss, contact the blocking emergency call immediately. This immediately blocks the affected card and prevents possible financial damage.

Only those who trade directly can prevent misuse of their credit or debit card. The number of the blocking emergency call can be reached via the following link. The hotline is available around the clock and every day of the week. This also ensures that you can have your cards blocked at any time, even from countries with large time differences to Germany. Further helpful links for the travel preparations are listed below.