BIFBurundian FrancBurundian Franc (BIF)
The Burundian franc is Burundi's national currency and the unit for domestic prices, salaries, taxation and bank accounts.
- ISO code
- BIF
- Symbol
- FBu
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- BIF operates under Burundi's national monetary and foreign-exchange framework.
- Last reviewed
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Quick facts
BIF at a glance
Currency profile
How BIF works
The Burundian franc is Burundi's national currency and the unit for domestic prices, salaries, taxation and bank accounts.
The Banque de la République du Burundi issues BIF and manages Burundi's monetary framework. ISO 4217 records the current currency with zero minor-unit digits for standard electronic amounts.
- Burundi introduced its own franc after the end of the Rwanda-Burundi monetary union.
- BIF is a national East African currency distinct from the Congolese and Rwandan francs.
Context
Why this currency matters
Several neighboring countries use currencies called francs, but BIF is not interchangeable with RWF or CDF. The ISO code is therefore essential in rate tables and cross-border records. Burundi's trade corridors and reliance on imported goods also make dated exchange information important for interpreting local purchasing costs.
Monetary framework
Exchange arrangement
BIF operates under Burundi's national monetary and foreign-exchange framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for BIF
Burundian franc introduced
Burundi established a separate national franc after the regional monetary union ended.
Banque de la République du BurundiCentral bank framework established
The Banque de la République du Burundi assumed national monetary responsibilities.
Banque de la République du BurundiNational franc maintained
BIF remains Burundi's official monetary unit under the central bank's administration.
Banque de la République du Burundi
Usage and economy
How BIF is used
- Burundian francs denominate ordinary domestic cash prices and accounts.
- RWF, TZS, CDF and KES provide useful regional comparisons.
Banknotes and coins
BIF currency units
Banque de la République du Burundi is the authoritative source for the current BIF banknote framework.
Banque de la République du Burundi is the authoritative source for the current BIF coin framework.
One Burundian Franc unit is recorded with 0 decimal places.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
BIF questions
Is BIF the same currency as the Rwandan franc?
No. BIF and RWF are separate national currencies with different issuers and exchange values.
Why does BIF use zero ISO decimal digits?
ISO 4217 records BIF without a standard minor-unit decimal for electronic currency amounts.
Who issues the Burundian franc?
The Banque de la République du Burundi is Burundi's monetary authority and currency issuer.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.