Burundian franc

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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 9.3%
 Source The World Factbook, 2013 est.
Subunit
 1/100 centime
Symbol FBu
Coins 1, 5, 10, 50 francs
Banknotes 10, 20, 50, 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[edit]

The franc became the currency of Burundi in 1916, when Belgium occupied the former Germany 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[edit]

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[edit]

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 Obverse Reverse printing issue withdrawal lapse
Burundi 10Franc Front.jpg Burundi 10Franc Back.jpg 10 Francs green Map and Coat of arms of Burundi
Burundi 20 Franc Obverse.jpg Burundi 20 Franc Reverse.jpg 20 Francs
These images are to scale at 0.7 pixels per millimetre.
Banknotes of the Burundian franc
Image Value Obverse Reverse Remark
[1] 50 francs (Mirongo Itanu Amafranga) Dugout canoe Fishermen, hippo
[2] 100 francs (Ijana Amafranga) Prince Rwagasore Home construction Original size: 150 x 70 mm.
[3] 100 francs (Ijana Amafranga) Prince Rwagasore Home construction Reduced size: 125 x 65 mm.
[4] 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
[5] 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.
[6] 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.
[7] 1000 francs (Igihumbi Amafranga) Cattle Monument Original size: 170 x 76 mm.
[8] 1000 francs (Igihumbi Amafranga) Cattle Monument Reduced size: 135 x 69 mm.
[9] 2000 francs (Ibihumbi Bibiri Amafranga) Harvest Lake A printed note showing white borders on each corner.
[10] 2000 francs (Ibihumbi Bibiri Amafranga) Harvest Lake Full printing on the note.
[11] 5000 francs (Ibihumbi Bitanu Amafranga) Coat of arms of Burundi; building Port of Bujumbura (Lake Tanganyika) Registration device on the lower center of the note; without the watermark area
[12] 5000 francs (Ibihumbi Bitanu Amafranga) Coat of arms 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
[13] 5000 francs (Ibihumbi Bitanu Amafranga) Coat of arms of Burundi; building Port of Bujumbura (Lake Tanganyika) Full printing
[14] 10,000 francs (Ibihumbi Cumi Amafranga) Prince Rwagasore and President Melchior Ndadaye Classroom scene (based on a photograph by Kelly Fajack)

Historical exchange rates[edit]

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.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also[edit]

References[edit]

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

External links[edit]