Burundi - Money



Due to a lack of confidence in Burundi's national economy since the 1993 conflict, the Burundi franc (BFr) consistently declined in value against the U.S. dollar. In 1995, BFr249.76 bought US$1, while in 2000 a dollar was

Exchange rates: Burundi
Burundi francs per US$1
Jan 2001 782.36
2000 720.67
1999 563.56
1998 477.77
1997 352.35
1996 302.75
SOURCE : CIA World Factbook 2001 [ONLINE].

the equivalent of BFr720.67. The decline in value of the Burundi franc meant that the average citizen was paying more and more in order to obtain even the most essential products. This process of inflation led to a rise in the price of consumer goods by 31 percent in 1997 and 17 percent in 1998. This meant that, in constant Burundi francs, the price of sugar rose from BFr230 in 1996 to BFr350 in 1999, and the price of petrol per liter rocketed from BFr165 to BFr350. In sum, inflation contributed considerably to the rise of extreme poverty between 1993 and 2000.

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delilah
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Nov 1, 2011 @ 12:12 pm
i was just wondering how exactly is the burundi currency distributed? is there a certain social class that can have it or a certain ethnicity? im confused can you enlighten me because i cannot find this information anywhere.
thanks
delilah

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