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Burundi







Here is a complete historical financial report of Burundi in International English, including all currencies that have circulated since the beginning of its monetary production, clearly highlighting the current official currency:


Comprehensive Financial Historical Report of Burundi

Basic Data

  • Country ISO Code: BI

  • Official Languages: French, Kirundi

  • Language ISO Codes: fr, rn

  • Current Official Currency: Burundian franc

  • Current Currency ISO Code: BIF


Currencies That Have Circulated in Burundi

1. German Mark and Belgian Franc (Colonial Period)

  • Before independence, Burundi used colonial currencies: the German mark (1885–1916) and the Belgian franc (1916–1962).

  • These currencies circulated during German East Africa and later under the Belgian mandate of Ruanda-Urundi.

  • Coins and banknotes featured European colonial symbols.

  • Status: Out of circulation after independence.

2. Ruanda-Urundi Franc (1960–1964)

  • Shared currency between Rwanda and Burundi before full independence.

  • Subdivided into 100 centimes.

  • Issued by the Banque d’Émission du Rwanda et du Burundi.

  • Circulated from 1960 to 1964.

3. Burundian Franc (Since 1964)

  • ISO Code: BIF

  • Singular Name: franc

  • Plural Name: francs

  • Subdivision: 1 franc = 100 centimes (centimes not used in practice)

  • Production Start Date: 1964

  • Production End Date: In circulation

  • Circulation Start Date: 1964

  • Circulation End Date: In circulation

  • Minted Coin Values: 1, 5, 10, 20, 50, 100, 200, 500 francs (varied over time)

  • Printed Banknote Values: 5, 10, 20, 50, 100, 500, 1000, 2000, 5000, 10,000 francs

  • Designs / Symbols:

    • Coins and banknotes feature national symbols, wildlife, flora, and cultural scenes of Burundi.

  • Mint Locations: Produced by specialized international mints.

  • Status: Official currency and actively circulating.

  • Issuing Authority: Bank of the Republic of Burundi (BRB).

  • Relevant Legislation: Regulated by national laws and BRB regulations.


Historical and Economic Context

  • Burundi gained independence from Belgium in 1962.

  • The Burundian franc was introduced in 1964, marking economic sovereignty.

  • The country has experienced political and economic instability affecting currency stability.

  • Inflation and depreciation have been ongoing challenges.

  • The Burundian franc remains the main medium of exchange nationally.


Banknote Signatories

  • Banknotes bear the signatures of the Governor of the Bank of the Republic of Burundi and the Minister of Finance.


People and Symbols Honored on Coins and Banknotes

  • Coins and banknotes honor Burundian culture, nature, and history without featuring specific political figures.

  • Designs include agricultural, artisanal scenes, and emblematic animals.


Additional Information and Curiosities

  • The Burundian franc has been the national currency for over 50 years.

  • Commemorative issues have marked historical and cultural events.

  • The Bank of the Republic of Burundi manages currency issuance and regulation.


This report provides a comprehensive overview of Burundi’s monetary evolution, from colonial currencies to the current Burundian franc, reflecting the country’s economic identity and sovereignty.


If you need further reports or translations, feel free to ask!



Fonte:

Autor do blog: Nilton Romani

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