Burundian franc

Burundian franc
franc burundais (French)
ISO 4217 code	BIF
Central bank	Banque de la Republique du Burundi (Ibanki ya Republika Y'UBurundi)
Website	www.brb.bi
User(s)	Burundi
Inflation	4.4%
Source	The World Factbook, 2014 est.
Subunit
1/100	centime
Symbol	FBu
Coins	1, 5, 10, 50 francs
Banknotes	100, 500, 1,000, 2,000, 5,000, 10,000 francs

The franc (ISO 4217 code is BIF) is the currency of Burundi. It is nominally subdivided into 100 centimes, although coins have never been issued in centimes since Burundi began issuing its own currency. Only during the period when Burundi used the Belgian Congo franc were centime coins issued.

History

The franc became the currency of Burundi in 1916, when Belgium occupied the former German colony and replaced the German East African rupie with the Belgian Congo franc. Burundi used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Burundi began issuing its own francs in 1964.

There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2015.

Coins

In 1965, the Bank of the Kingdom of Burundi issued brass 1 franc coins. In 1968, Bank of the Republic of Burundi took over the issuance of coins and introduced aluminum 1 and 5 francs and cupro-nickel 10 francs. The 5 and 10 francs have continuous milled edges. Second types of the 1 and 5 franc coins were introduced in 1976, featuring the coat of arms. In 2011 new 10 and 50 franc coins were introduced.

Banknotes

From February 1964 until 31 December 1965, notes of the Banque d’Emission du Rwanda et du Burundi (Issuing Bank of Rwanda and Burundi), in denominations of 5, 10, 20, 50, 100, 500 and 1,000 francs, were overprinted with a diagonal hollow "BURUNDI" for use in the country.^[1] These were followed in 1964 and 1965 by regular issues in the same denominations by the Banque du Royaume du Burundi (Bank of the Kingdom of Burundi).

In 1966, notes for 20 francs and above were overprinted by the Bank of the Republic of Burundi, replacing the word "Kingdom" with "Republic". Regular issues of this bank began in denominations of 10, 20, 50, 100, 500, 1,000 and 5,000 francs. 10 francs were replaced by coins in 1968. 2,000 franc notes were introduced in 2001, followed by 10,000 francs in 2004. Photographer Kelly Fajack's image of school kids in Burundi was used on the back of the Burundian 10,000 franc note.

Image		Value	Dimensions	Main Colour	Description		Date of
Obverse	Reverse	Value	Dimensions	Main Colour	Obverse	Reverse	printing	issue	withdrawal	lapse
		10 Francs		green	Map and Coat of arms of Burundi
		20 Francs
These images are to scale at 0.7 pixels per millimetre. For table standards, see the banknote specification table.

Banknotes of the Burundian franc
Image	Value	Obverse	Reverse	Remark
	50 francs (Mirongo Itanu Amafranga)	Dugout canoe	Fishermen, hippo
	100 francs (Ijana Amafranga)	Prince Rwagasore	Home construction	Original size: 150 x 70 mm.
	100 francs (Ijana Amafranga)	Prince Rwagasore	Home construction	Reduced size: 125 x 65 mm.
	500 francs (Amajan Atanu Amafranga)	President Melchior Ndadaye	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura
	500 francs (Amajan Atanu Amafranga)	Navite art	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura	Original size: 160 x 73 mm.
	500 francs (Amajan Atanu Amafranga)	Navite art	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura	Reduced size: 130 x 67 mm.
	1000 francs (Igihumbi Amafranga)	Cattle	Monument de l'Unite, Bujumbura	Original size: 170 x 76 mm.
	1000 francs (Igihumbi Amafranga)	Cattle	Monument de l'Unite,Bujumbura	Reduced size: 135 x 69 mm.
	2000 francs (Ibihumbi Bibiri Amafranga)	Harvest	Lake	A printed note showing white borders on each corner.
	2000 francs (Ibihumbi Bibiri Amafranga)	Harvest	Lake	Full printing on the note.
	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Registration device on the lower center of the note; without the watermark area
	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Registration device moved to the left side of the note; watermark area added; addition of bull-shaped holographic patch
	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Full printing
	10,000 francs (Ibihumbi Cumi Amafranga)	Prince Rwagasore and President Melchior Ndadaye	Classroom scene (based on a photograph by Kelly Fajack)

Historical exchange rates

On 3 January 2006, the franc was valued at 925 per $1. On January 1, 2008, the franc was valued at 1,129.40 per US dollar. On January 1, 2009, the franc was valued at 1,234.33 per U.S. dollar. On 10 July, the franc was valued at 1,587.60 per US dollar

Current BIF exchange rates
From Google Finance:	AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD
From XE:	AUD CAD CHF EUR GBP HKD JPY USD
From OANDA:	AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com:	AUD CAD CHF EUR GBP HKD JPY USD
From Currency.Wiki:	AUD CAD CHF EUR GBP HKD JPY USD

References

↑ Linzmayer, Owen (2013). "Burundi". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

External links

Economy of Burundi

Currency: Burundian franc

Communications	Banking Communications History of Trade Transportation

Industries:	Agriculture Mining Tourism

Currencies named franc or similar

Circulating	Burundian franc CFA franc Central African CFA franc West African CFA franc CFP franc New Caledonian franc French Polynesian franc Comorian franc (فرنك) Congolese franc Djiboutian franc (فرنك) Guinean franc Liechtenstein frank Rwandan franc (frank) Swiss franc (Franken, franco)

Obsolete	Aargau Frank Albanian Franga Algerian franc Appenzell Frank Basel Frank Belgian franc (frank) Berne Frank Cambodian franc Dominican franco French franc French Camerounian franc French Equatorial African franc French Guianan franc French West African franc Fribourg Frank Geneva franc Glarus frank Graubünden Frank Guadeloupe franc Katangese franc Korçë frange Luccan franco Luxembourgish franc (Frang, Frank) Luzern Frank Malagasy franc Malian franc Martinique franc Monegasque franc Moroccan franc (فرنك) New Hebrides franc Réunion franc Ruanda-Urundi franc Saar franc (Franken) St. Gallen Frank Saint Pierre and Miquelon franc Schaffhausen Frank Schwyz Frank Solothurn Frank Thurgau Frank Ticino franco Togolese franc Tunisian franc (فرنك) Unterwalden Frank Uri Frank US occupation franc (unofficial) Vaud franc Vlorë frank Westphalian Frank Zürich Frank

Private	UIC franc

See also	Gold franc Franc Poincaré Ural franc

Currencies of Africa

North	Algerian dinar Egyptian pound Euro Plazas de soberanía Libyan dinar Mauritanian ouguiya Moroccan dirham Sahrawi peseta (unrecognized) Sudanese pound Tunisian dinar

Central	Angolan kwanza Burundian franc Central African CFA franc Cameroon Central African Republic Chad Republic of the Congo Equatorial Guinea Gabon Congolese franc Rwandan franc

East	Comorian franc Djiboutian franc Eritrean nakfa Ethiopian birr Kenyan shilling Seychellois rupee Somali shilling Somaliland shilling (unrecognized) South Sudanese pound Tanzanian shilling Ugandan shilling

South	Botswana pula British pound sterling Saint Helena, Ascension and Tristan da Cunha Zimbabwe Euro French Southern and Antarctic Lands Mayotte Réunion Zimbabwe Lesotho loti Malagasy ariary Malawian kwacha Mauritian rupee Mozambican metical Namibian dollar Saint Helena pound South African rand Lesotho Namibia Swaziland Zimbabwe Swazi lilangeni U.S. dollar Zimbabwe Zambian kwacha Zimbabwean dollar (defunct due to hyperinflation since April 2009) Zimbabwean Bond Coins (since 18 December 2014 - denominated in U.S. Cents)

West	Cape Verdean escudo Euro Canary Islands Madeira Gambian dalasi Ghanaian cedi Guinean franc Liberian dollar Nigerian naira São Tomé and Príncipe dobra Sierra Leonean leone West African CFA franc Benin Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo

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