Convert Burundian Franc to Eritrean Nakfa
Please provide values below to convert Burundian Franc [BIF] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Burundian Franc.
How to Convert Burundian Franc to Eritrean Nakfa
1 BIF = 197.9331 ERN
Example: convert 15 BIF to ERN:
15 BIF = 15 × 197.9331 ERN = 2968.9965 ERN
Burundian Franc to Eritrean Nakfa Conversion Table
| Burundian Franc | Eritrean Nakfa |
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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.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.