Convert Burundian Franc to Gibraltar Pound
Please provide values below to convert Burundian Franc [BIF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Burundian Franc.
How to Convert Burundian Franc to Gibraltar Pound
1 BIF = 4010.53154126705 GIP
Example: convert 15 BIF to GIP:
15 BIF = 15 × 4010.53154126705 GIP = 60157.9731190058 GIP
Burundian Franc to Gibraltar Pound Conversion Table
| Burundian Franc | Gibraltar Pound |
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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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.