Convert United States Dollar to Burundian Franc
Please provide values below to convert United States Dollar [USD] to Burundian Franc [BIF], or Convert Burundian Franc to United States Dollar.
How to Convert United States Dollar to Burundian Franc
1 USD = 0.00033681413905338 BIF
Example: convert 15 USD to BIF:
15 USD = 15 × 0.00033681413905338 BIF = 0.00505221208580071 BIF
United States Dollar to Burundian Franc Conversion Table
| United States Dollar | Burundian Franc |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.