Burundi Economy:
Decades
of civil war and political instability have hampered economic development
in Burundi. A return to peace following the subsiding of armed
conflict and the signing of peace agreements have resulted in improved
economic conditions in recent years.
Ranked as one of the ten poorest
Countries in the world, the Burundian economy relies mainly
on agriculture; with produce mainly for domestic use. The Country
produces coffee and tea which are its major export commodities
mainly to European Markets.
Major industries in the Country include; textiles and clothing,
cement, food processing and construction.
Currency:
The Franc was adopted as the Country’s currency from Belgium
during the colonial era. Then known as the Belgian Congo Franc,
the currency was introduced in 1916. In 1960 the Burundi Franc
(BIF) was introduced as the official currency.
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