Burundian franc in South African Rand

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 In 1960, this currency was withdrawn from use in Rwanda and Burundi and the Rwandan and Burundian franc was introduced instead.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.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.