Convert Burundian Franc to New Zealand Dollar
Please provide values below to convert Burundian Franc [BIF] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Burundian Franc.
How to Convert Burundian Franc to New Zealand Dollar
1 BIF = 1778.90742959856 NZD
Example: convert 15 BIF to NZD:
15 BIF = 15 × 1778.90742959856 NZD = 26683.6114439784 NZD
Burundian Franc to New Zealand Dollar Conversion Table
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.