Burundian franc

Burundian franc

franc burundais (French)
10 franc banknote
ISO 4217
Code	BIF (numeric: 108)
Unit
Symbol	FBu‎
Denominations
Subunit
1⁄100	centime
Banknotes	100, 500, 1,000, 2,000, 5,000, 10,000 francs
Coins	1, 5, 10, 50 francs[1]
Demographics
User(s)	Burundi
Issuance
Central bank	Banque de la Republique du Burundi (Ibanki ya Republika Y'UBurundi)
Website	www.brb.bi
Valuation
Inflation	26.0%
Source	www.brb.bi, July 2023 est.

The franc (ISO 4217 code is BIF) is the currency of Burundi. It is nominally subdivided into 100 centimes, although coins have never been issued in centimes since Burundi began issuing its own currency. Only during the period when Burundi used the Belgian Congo franc were centime coins issued.

History

The franc became the currency of Burundi in 1916, when Belgium occupied the former German colony and replaced the German East African rupie with the Belgian Congo franc. Burundi used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Burundi began issuing its own francs in 1964^{[citation needed]}.

There were plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2015^{[citation needed]}. As of October 2023^[update], these plans have not yet materialized.

Coins

In 1965, the Bank of the Kingdom of Burundi issued brass 1 franc coins. In 1968, Bank of the Republic of Burundi took over the issuance of coins and introduced aluminum 1 and 5 francs and cupro-nickel 10 francs. The 5 and 10 francs have continuous milled edges. Second types of the 1 and 5 franc coins were introduced in 1976, featuring the coat of arms. In 2011 new 10 and 50 franc coins were introduced.

Banknotes

From February 1964 until 31 December 1965, notes of the Banque d'Émission du Rwanda et du Burundi (Issuing Bank of Rwanda and Burundi), in denominations of 5, 10, 20, 50, 100, 500 and 1,000 francs, were overprinted with a diagonal hollow "BURUNDI" for use in the country.^[2] These were followed in 1964 and 1965 by regular issues in the same denominations by the Banque du Royaume du Burundi (Bank of the Kingdom of Burundi).

In 1966, notes for 20 francs and above were overprinted by the Bank of the Republic of Burundi, replacing the word "Kingdom" with "Republic". Regular issues of this bank began in denominations of 10, 20, 50, 100, 500, 1,000 and 5,000 francs. 10 francs were replaced by coins in 1968. 2,000 franc notes were introduced in 2001, followed by 10,000 francs in 2004. Photographer Kelly Fajack's image of school kids in Burundi was used on the back of the Burundian 10,000 franc note. In 2015 Burundi launched a new series of banknotes. The 10, 20, and 50 franc banknotes have lost their legal tender status and the 100 franc banknote is the only note from the old series in circulation.

Image		Value	Dimensions	Main Colour	Description		Date of
Obverse	Reverse				Obverse	Reverse	printing	issue	withdrawal	lapse
		10 Francs		green	Map and Coat of arms of Burundi	Value, motto
		20 Francs		red-pink		Coat of arms of Burundi
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Banknotes of the Burundian franc
Image	Value	Obverse	Reverse	Remark
[1]	50 francs (Mirongo Itanu Amafranga)	Dugout canoe	Fishermen, hippo
	100 francs (Ijana Amafranga)	Prince Rwagasore	Home construction	Original size: 150 x 70 mm.
[2]	100 francs (Ijana Amafranga)	Prince Rwagasore	Home construction	Reduced size: 125 x 65 mm.
[3]	500 francs (Amajan Atanu Amafranga)	President Melchior Ndadaye	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura
[4]	500 francs (Amajan Atanu Amafranga)	Navite art	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura	Original size: 160 x 73 mm.
[5]	500 francs (Amajan Atanu Amafranga)	Navite art	Banque de la République du Burundi (Ibanki ya Republika y'Uburundi; Bank of the Republic of Burundi) building, Bujumbura	Reduced size: 130 x 67 mm.
[6]	500 francs (Amajana Atanu Amafaranga)	Crocodile, coat of arms and Flag of Burundi, coffee branch	Outline of Burundi, boat on Lake Tanganiyka
[7]	1000 francs (Igihumbi Amafranga)	Cattle	Monument de l'Unite, Bujumbura	Original size: 170 x 76 mm.
[8]	1000 francs (Igihumbi Amafranga)	Cattle	Monument de l'Unite,Bujumbura	Reduced size: 135 x 69 mm.
[9]	1000 francs (Igihumbi Amafaranga)	Bird, coat of arms and Flag of Burundi, cattle	Outline of Burundi, banana trees
[10]	2000 francs (Ibihumbi Bibiri Amafranga)	Harvest	Lake	A printed note showing white borders on each corner.
[11]	2000 francs (Ibihumbi Bibiri Amafranga)	Harvest	Lake	Full printing on the note.
[12]	2000 francs (Igihumbi Bibiri Amafaranga)	Antelope, coat of arms and Flag of Burundi, pineapple	Outline of Burundi, fieldwork
[13]	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Registration device on the lower center of the note; without the watermark area
[14]	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Registration device moved to the left side of the note; watermark area added; addition of bull-shaped holographic patch
[15]	5000 francs (Ibihumbi Bitanu Amafranga)	Coat of arms of Burundi; Parliament of Burundi building	Port of Bujumbura (Lake Tanganyika)	Full printing
[16]	5000 francs (Ibihumbi Bitanu Amafaranga)	Buffalo, coat of arms and Flag of Burundi, dancers with drums	Outline of Burundi, landscape
[17]	10,000 francs (Ibihumbi Cumi Amafranga)	Prince Rwagasore and President Melchior Ndadaye	Classroom scene (based on a photograph by Kelly Fajack)
[18]	10,000 francs (Ibihumbi Cumi Amafaranga)	Hippo, coat of arms and Flag of Burundi, Prince Rwagasore and President Melchior Ndadaye	Outline of Burundi, plants

Historical exchange rates

On 3 January 2006, the franc was valued at 925 per $1.^{[citation needed]} On January 1, 2008, the franc was valued at 1,129.40 per US dollar.^{[citation needed]} On January 1, 2009, the franc was valued at 1,234.33 per U.S. dollar. On 10 July,^{[year needed]} the franc was valued at 1,587.60 per US dollar.^{[citation needed]}

See also

• Economy of Burundi
• Rwandan franc

References

External links