Convert Burundian Franc to Cuban Peso
Please provide values below to convert Burundian Franc [BIF] to Cuban Peso [CUP], or Convert Cuban Peso to Burundian Franc.
How to Convert Burundian Franc to Cuban Peso
1 BIF = 123.7081875 CUP
Example: convert 15 BIF to CUP:
15 BIF = 15 × 123.7081875 CUP = 1855.6228125 CUP
Burundian Franc to Cuban Peso Conversion Table
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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.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.