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Live auction - 4300051 - 50 Francs DJIBOUTI 1952 P.25

50 Francs DJIBOUTI  1952 P.25 UNC-
50 Francs DJIBOUTI  1952 P.25 UNC-50 Francs DJIBOUTI  1952 P.25 UNC-
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All winning bids are subject to a 12% buyer’s fee.
Estimate : 140 €
Price : 120 €
Maximum bid : 142 €
End of the sale : 07 May 2019 14:29:07
bidders : 4 bidders
Face Value : 50 Francs
Date: (1952)
Period/Provinces/Banks Trésor Public. Côte Française des Somalis
Catalogue reference : P.25
Additional reference : K.657
Alphabet - series : Y.93 n°600

Historical background


DJIBOUTI

(1888-1894)

The digging of the Suez Canal gave the Gulf of Aden unmatched strategic importance at the end of the Red Sea. The British controlled Aden, the French bought Obock in 1862 while Marseille owners settled in Tadjoura. In 1884, a French protectorate was spent with local potentates. It was the same with the Somali leaders. Colonel Lagarde Djibouti founded in 1888. The transfer of capital became in 1891 Obock in Djibouti. With colonial status in 1894, the area became known as French Somaliland in 1896.

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