Burundian franc in West African Franc

BIF Burundian franc

Country of application:
Burundi

Coin denominations in circulation:
1, 5, 10, 50 francs.

Denominations of banknotes in circulation:
100, 500, 1000, 2000, 5000, 10000 francs.

History reference:
The Burundian franc BIF is the national currency of Burundi. During the German colonial period, the rupee of German East Africa was in use in Burundi. After the capture of Burundi by Belgian troops i...n 1916, first unofficially, and after 1919, the Belgian Congo franc was officially introduced into money circulation. In 1960, this currency was withdrawn from use in Rwanda and Burundi and the Rwandan and Burundian franc was introduced instead. In 1964, Burundi issued its own currency, which was called the Burundian franc.

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.