Convert Burundian Franc to Malaysian Ringgit
Please provide values below to convert Burundian Franc [BIF] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Burundian Franc.
How to Convert Burundian Franc to Malaysian Ringgit
1 BIF = 701.658198232264 MYR
Example: convert 15 BIF to MYR:
15 BIF = 15 × 701.658198232264 MYR = 10524.872973484 MYR
Burundian Franc to Malaysian Ringgit Conversion Table
| Burundian Franc | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.