The Burundi franc has been relatively stable all year, albeit with a slight depreciation during the election period. The poor balance-of-payments position will exert downward pressure on the value of the local currency, but donor inflows over the forecast period, notwithstanding political turmoil, will mitigate this to some extent. Overall, we expect the Burundi franc to average Bufr1,251:US$1 in 2011 and Bufr1,300:US$1 in 2012.