Convert Burundian Franc to Chinese Yuan
Please provide values below to convert Burundian Franc [BIF] to Chinese Yuan [CNY], or Convert Chinese Yuan to Burundian Franc.
How to Convert Burundian Franc to Chinese Yuan
1 BIF = 413.860870656128 CNY
Example: convert 15 BIF to CNY:
15 BIF = 15 × 413.860870656128 CNY = 6207.91305984193 CNY
Burundian Franc to Chinese Yuan Conversion Table
| Burundian Franc | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).