Convert Burundian Franc to Cape Verdean Escudo
Please provide values below to convert Burundian Franc [BIF] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Burundian Franc.
How to Convert Burundian Franc to Cape Verdean Escudo
1 BIF = 31.5892026297058 CVE
Example: convert 15 BIF to CVE:
15 BIF = 15 × 31.5892026297058 CVE = 473.838039445587 CVE
Burundian Franc to Cape Verdean Escudo Conversion Table
| Burundian Franc | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.