Бурунди франкі: тарихы мен айналымы

National currency of Burundi

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.

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 were 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. , these plans have not yet materialized.

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. Burundian franc coins Image Value Composition Diameter Weight Thickness Edge Issued 1 franc Aluminum 18.9 mm .87 g 1 mm Reeded 1976 2003 5 francs Aluminum 25 mm 2.20 g 2 mm Reeded 1976 2013 10 francs Copper nickel 28 mm 7.8 g Reeded 1968 1971 10 francs Nickel plated steel 27 mm 6.2 g 1.63 mm Reeded 2011 50 francs Nickel plated steel 29 mm 7.2 g 1.63 mm Reeded 2011

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.