Burundi The Burundian Franc (BIF) is the official currency of Burundi, issued by the Bank of the Republic of Burundi. It was introduced in 1964, replacing the Rwandan and Burundi Franc following Burundi’s independence. The franc is a free-floating currency, but its exchange rate is heavily influenced by government policies and economic instability. Burundi has a predominantly agricultural economy, and the BIF has experienced inflation and depreciation over the years. The franc is subdivided into 100 centimes, though centime coins are no longer in circulation due to inflation. Banknotes range from BIF 500 to BIF 10,000, while coins exist in values from BIF 1 to BIF 50.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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