Convert Burundian Franc to Mongolian Tugrik
Please provide values below to convert Burundian Franc [BIF] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Burundian Franc.
How to Convert Burundian Franc to Mongolian Tugrik
1 BIF = 0.83640093857311 MNT
Example: convert 15 BIF to MNT:
15 BIF = 15 × 0.83640093857311 MNT = 12.5460140785967 MNT
Burundian Franc to Mongolian Tugrik Conversion Table
| Burundian Franc | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.