Convert Burundian Franc to Cuban Convertible Peso
Please provide values below to convert Burundian Franc [BIF] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Burundian Franc.
How to Convert Burundian Franc to Cuban Convertible Peso
1 BIF = 2968.9965 CUC
Example: convert 15 BIF to CUC:
15 BIF = 15 × 2968.9965 CUC = 44534.9475 CUC
Burundian Franc to Cuban Convertible Peso Conversion Table
| Burundian Franc | Cuban Convertible Peso |
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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 Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.