Convert Burundian Franc to Tanzanian Shilling
Please provide values below to convert Burundian Franc [BIF] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Burundian Franc.
How to Convert Burundian Franc to Tanzanian Shilling
1 BIF = 1.15519707786543 TZS
Example: convert 15 BIF to TZS:
15 BIF = 15 × 1.15519707786543 TZS = 17.3279561679815 TZS
Burundian Franc to Tanzanian Shilling Conversion Table
| Burundian Franc | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.