Burundian franc today: official vs parallel
Burundi shut its forex bureaus and holds an official rate near 3,000 francs per dollar. Peer to peer offers price the dollar at more than twice that level.
With one of the widest gaps in Africa, the parallel rate is the price most private importers actually pay.
What drives the gap
- Low foreign currency reserves.
- Closure of private forex bureaus.
- Import dependence for fuel and food.
How we measure it
Regime: …
Local name: …
Planning a second base in Switzerland?
Rates are indicative and come from public sources. They are not quotes we can execute and they are not investment advice. Services are not available to persons subject to Swiss, EU, UK or US sanctions.