Currency Information on Burundian Franc
Currency Information on Burundian Franc - BIF—Burundi Franc – FBu
The franc has been the official currency of Burundi since 1916, when the German colony was occupied by Belgium and the German East African Rupie was replaced with the Belgian Congo franc. Although the current system was introduced in 1960 as the Rwanda and Burundi franc. Plans are being discussed to introduce a new East African shilling – a common currency for the east African Community’s five member states, by the end of 2015.
100 centime make up 1 franc and no centime coins are in circulation currently. The coins in circulation and frequently used are 1, 5, 10 and 50 francs. Banknotes in circulation are available in 10, 20, 50, 100, 500, 1,000, 2,000, 5,000 and 10,000 francs.