Convert Norwegian Krone to Burundian Franc
Please provide values below to convert Norwegian Krone [NOK] to Burundian Franc [BIF], or Convert Burundian Franc to Norwegian Krone.
How to Convert Norwegian Krone to Burundian Franc
1 NOK = 0.00340579721127997 BIF
Example: convert 15 NOK to BIF:
15 NOK = 15 × 0.00340579721127997 BIF = 0.0510869581691996 BIF
Norwegian Krone to Burundian Franc Conversion Table
| Norwegian Krone | Burundian Franc |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.