1000 Burundian Franc to Panamanian Balboa | Bank

The Burundian Franc (BIF) is the official currency of Burundi. It was introduced in 1964, replacing the Belgian Congo franc. The currency is subdivided into 100 centimes, although coins are no longer in circulation due to inflation.

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.