Convert Burundian Franc to Mozambican Metical
Please provide values below to convert Burundian Franc [BIF] to Mozambican Metical [MZN], or Convert Mozambican Metical to Burundian Franc.
How to Convert Burundian Franc to Mozambican Metical
1 BIF = 46.6659724656292 MZN
Example: convert 15 BIF to MZN:
15 BIF = 15 × 46.6659724656292 MZN = 699.989586984438 MZN
Burundian Franc to Mozambican Metical Conversion Table
| Burundian Franc | Mozambican Metical |
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.