Burundian Franc

Burundian Franc

The franc (ISO 4217 code is BIF) is the currency of Burundi. It is nominally subdivided into 100 centimes, although coins have never been issued in centimes since Burundi began issuing its own currency. Only during the period when Burundi used the Belgian Congo franc were centime coins issued.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

15 Burundian Franc to Japanese Yen exchange rates chart

15 BIF to JPY exchange rates graph
15 BIF to JPY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

15 BIF to JPY exchange rates table

Exchange BIF to JPY
15 Burundian Franc = 0.914 Japanese Yen
30 Burundian Franc = 1.829 Japanese Yen
75 Burundian Franc = 4.571 Japanese Yen
150 Burundian Franc = 9.143 Japanese Yen
Exchange Burundian Franc to Japanese Yen
15 Burundian Franc to Japanese Yen Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

15 BIF to JPY exchange rates news

Foreign currency prices collapse on black market
Foreign currency prices collapse on black market

IWACU aims to give a voice to all voices of Burundi about politics, economics, society, justice, health, environment, culture, sport... IWACU English News follows the informations on Burundi and gives you the best of it.

about 1 month indicative negative
US Dollar Now Trading At Parity With The Swiss Franc

US Dollar now trading at parity with the Swiss Franc

9 months conditional neutral
Activists in Dakar Demand End to Colonial-era Currency

A change is unlikely, however, as there is no alternative to CFA franc in sight

over 1 year subjunctive neutral
Burundi: Acute Food Insecurity Situation July - September 2017 and Projection for October - December 2017

The current IPC analysis has counted 1.76 million people (18% of the Burundian population) in the humanitarian phase (IPC Phases 3 and 4). This reflects a slight improvement compared to the same period last year, with 3% of the population in Phase 4 in 2017, compared to 5% in 2016. The Imbo plain is the most affected and most vulnerable to food insecurity with 35% of the population in a food crisis and 4% in the emergency phase (IPC Phase 4) in 2017 B against 14% and 6% respectively in 2016B. The previous poor crop season left significant sequelae that even the good harvests of the 2017B season could not fully compensate, leading to a small increase in food security. The socio-economic crisis, which has become more pronounced since 2015, is increasingly affecting the livelihoods of households. Loss of economic opportunities, greater dependence on the market as prices continue to rise and erosion of purchasing power, make households' access to food ever more difficult.

over 1 year conditional neutral
'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

12 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve’s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

13 days conditional positive

15 BIF to JPY currency converter