National Bank of Rwanda

National Bank of Rwanda
Banki Nkuru Y'u Rwanda

Headquarters	KN6 Avenue Kigali, Rwanda
Established	1964
Governor	John Rwangombwa
Central bank of	Rwanda
Currency	Rwanda franc RWF (ISO 4217)
Reserves	US$1 billion (July 2016)^[1]
Website	Homepage

The National Bank of Rwanda (French: Banque Nationale du Rwanda) is the central bank of Rwanda. The bank was founded in 1964.^[2] The current governor of the bank is John Rwangombwa^[3]

Location

It is quartered at the National Bank of Rwanda Building, on KN6 Avenue in the central business district of Kigali, the capital and largest city in Rwanda.^[4] The coordinates of the bank's headquarters are 01°56'56.0"S, 30°03'49.0"E (Latitude:-1.948889; Longitude:30.063611).^[5]

Overview

The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico.^[6]

History

The central bank, whose name is abbreviated to "BNR", evolved step by step:^[2]

Royal Decree of 27th July 1887 establishes the franc as the money of account for the Independent State of Congo, a.k.a. Congo Free State, and Rwanda is included as well.
Heligoland Agreement of 1890 puts Rwanda and Burundi within the German sphere of influence in Africa; the German East African rupie is the official currency; circulation of the French franc continues nonetheless.
As a result of Belgium's actions, the Belgian Congo becomes a member of the Latin Monetary Union in 1908.
Bank of Belgian Congo established in 1909.
Bank of Belgian Congo issues its first banknotes in 1912.
Rwanda and Burundi attached to the Congo Franc Zone following Germany's defeat in World War I; 1927
Colony of Belgian Congo and the Bank of Belgian Congo create a new relationship; 1927–1952
- World War II era: temporary involvement of the Bank of England; Congo franc is listed in London.
Belgian Congo and Ruanda-Urundi Central Bank (BCCBRU) 1952 - 1960
Banque d' Emission du Rwanda et du Burundi (BERB) / (Issuing Bank of Rwanda and Burundi) - 1960 - 1964
Royal Bank of Burundi (BRB) and the Banque Nationale du Rwanda (BNR) open in 1964.
(Banque de la République du Burundi (BRB) opens in 1966.)

References

↑ Martin Luther Oketch (20 July 2016). "East African central banks to rebuild forex reserves". Daily Monitor. Kampala. Retrieved 28 September 2016.
1 2 National Bank of Rwanda (28 September 2016). "A Brief Survey of Rwanda's Monetary History". Kigali: National Bank of Rwanda. Retrieved 28 September 2016.
↑ Kabona, Esiara (27 September 2016). "Rwanda retains key repo rate at 6.5 percent". The EastAfrican. Nairobi. Retrieved 28 September 2016.
↑ Google (28 September 2016). "Location of National Bank of Rwanda, Kigali" (Map). Google Maps. Google. Retrieved 28 September 2016.
↑ Google (28 September 2016). "The Geographical Coordinates of Headquarters of National Bank of Randa" (Map). Google Maps. Google. Retrieved 28 September 2016.
↑ Alliance for Financial Inclusion (30 September 2011). "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations". Riviera Maya, Mexico: Prnewswire Quoting Alliance for Financial Inclusion. Retrieved 28 September 2016.

External links

(French) (English) Official site: Banque Nationale du Rwanda

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National Bank of Rwanda

Location

Overview

History

See also

References

External links