Live auction - 555815 - 100 Francs DJIBOUTI 1920 P.05
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All winning bids are subject to a 18% buyer’s fee.
Live starting : Face Value : 100 Francs
Date: 02 janvier 1920
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.05
Additional reference : K.606
Alphabet - series : Z.4 n°088
Signatures : Baron Hely d'Oissel, Simon
Detailed grade description : Joli
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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