AED to BIF

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

• The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
• Natural gas and petroleum exports play an important role in the economy.
• The service sector is also an important source of income.
• Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
• The United Arab Emirates is part of the World Trade Organization.
• Imports are machinery, manufactured goods, and transport equipment.
• In 2009, 85% of exports were natural resources.
• The United Arab Emirates has the fastest-growing economy in the world.

History

• The original currency in the United Arab Emirates was the Bahraini Dinar.
• Before 1966 the United Arab Emirates used the Gulf Rupee.
• The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
• From 1973 to 1982 the United Arab Emirates issued the Dirham.
• In 1976 the United Arab Emirates minted commemorative coins.
• In the late 1980s a fixed rate was established between the Dirham and the USD.
• 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
• In 1997 the Dirham was pegged to the US Dollar.

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BIF - Burundian Franc (BIF)

Burundian Franc

The currency used in Burundi is the Burundi Franc (BIF). It is divided into 100 centimes. The symbol used for the Burundi Franc is Fbu.

The Burundian Franc is the currency in Burundi (BI, BDI). The symbol for BIF can be written FBu. The Burundian Franc is divided into 100 centimes. The exchange rate for the Burundian Franc was last updated on May 24, 2019 from Yahoo Finance. The BIF conversion factor has 5 significant digits.

Economy

• Burundi resources are scarce and the manufacturing sector is underdeveloped.
• The main sector of the economy is agriculture, which accounts for 57% of the GDP.
• 70% of the labor force works in agriculture.
• Burundi relies on humanitarian assistance.
• Top industries are soap, shoes, construction, and blankets.
• The main agricultural products are tea, cotton, bananas, beef, hides, coffee, sweet potatoes, and corn.
• Export products are tea, hides, sugar, cotton, and coffee.
• Import products are foodstuffs, petroleum products, and capital goods.
• 53% of Burundi people live below the poverty level.
• In 1997, it was estimated that Burundi had a $1.27 billion external debt.
• During the late 1990s humanitarian aid stopped because of the coup in 1996. In 1999 the embargo was lifted and countries started giving aid again.
• The inflation rate is +/- 10% and GDP growth is 4.5%.

History

• Belguim occupied Burundi in 1916 and the Belgian Congo Franc became the official currency.
• In 1960, the Belgian Congo Franc was replaced with the Burundi and Rwanda Franc.
• In 1964, Burundi started issuing its own Francs and notes were printed over with the word Burundi on them.
• In 1966, the word Kingdom on the 20-franc notes was replaced with the word Republic.

More information about BIF - Burundian Franc (BIF)