Convert Burundian Franc to United States Dollar
Please provide values below to convert Burundian Franc [BIF] to United States Dollar [USD], or Convert United States Dollar to Burundian Franc.
How to Convert Burundian Franc to United States Dollar
1 BIF = 2968.9965 USD
Example: convert 15 BIF to USD:
15 BIF = 15 × 2968.9965 USD = 44534.9475 USD
Burundian Franc to United States Dollar Conversion Table
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.