Rwandan franc

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Rwandan franc
franc rwandais (French)
Ifaranga y'u Rwanda (Kinyarwanda)
Current banknotes
Current banknotes
ISO 4217 Code RWF
User(s) Flag of Rwanda Rwanda
Inflation 8.8%
Source The World Factbook, 2006 est.
Subunit
1/100 centime
Symbol RF
Coins 1, 2, 5, 10, 20, 50 francs
Banknotes 100, 500, 1000, 2000, 5000 francs
Central bank Banque Nationale du Rwanda
Website www.bnr.rw

The franc (ISO 4217:RWF; also RWFR) is the currency of Rwanda. It is subdivided into 100 centimes and is often written RF[1] [2].

Contents

[edit] History

The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie. Rwanda used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964.

There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2009.

[edit] Coins

In 1964, coins were introduced for 1, 5 and 10 francs, with the 1 and 10 francs in cupronickel and the 5 francs in bronze. In 1969, aluminium 1 franc coins were introduced, followed in 1970 by ½ and 2 francs also in aluminium. A reduced sized copper -nickel 10 franc coin was issued in 1974. Brass 20 and 50 francs were introduced in 1977. New coins were issued in 2004 (dated 2003) for

  • 1 franc - 98% Aluminium, 2% Magnesium
  • 5 francs - Bronze
  • 10 francs - Bronze
  • 20 francs - Nickel-plated steel
  • 50 francs - Nickel-plated steel

[edit] Banknotes

In 1964, notes of the Rwanda and Burundi Bank of Emission were overstamped for use in Rwanda alone. Denominations were 20, 50, 100, 500 and 1,000 francs. These were followed by regular issues for the same amounts. 20- and 50-franc notes were replaced by coins in 1977, with 5,000-franc notes introduced in 1978. The nation's first-ever 2,000-franc note was introduced in mid-December 2007.

[edit] Historical exchange rates

Rwandan francs per US dollar:[1]

  • 262.20 (1995), 585 (2007)
  • 393.44 (2000)
  • 574.62 (2004)
  • 610 (2005)
  • 560 (2006)
  • 553 (2007)
Current RWF exchange rates
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[edit] See also

[edit] References

  1. ^ Rwanda Travel Guide: Overview - Lonely Planet WorldGuide
  2. ^ Currencies of the World

[edit] External links

v • d • e
Currencies named franc or similar
Circulating
Obsolete
Aargau Frank · Algerian franc · Appenzell Frank · Basel Frank · Belgian franc (frank) · Berne Frank · Cambodian franc · Dominican franco · French Camerounian franc · French Equatorial African franc · French Guianan franc · French West African franc · French franc · Fribourg Frank · Geneva franc · Glarus frank · Graubünden Frank · Guadeloupe franc · Katangan franc · Korçë frange · Luccan franco · Luxembourgian franc (Frang, Frank) · Luzern Frank · Malagasy franc · Malian franc · Martinique franc · Monegasque franc · Moroccan franc (فرنك) · New Hebrides franc · Réunion franc · Rwanda and Burundi franc · Saar franc (Frank) · St. Gallen Frank · Schaffhausen Frank · Schwyz Frank · Solothurn Frank · Thurgau Frank · Ticino franco · Tunisian franc (فرنك) · Unterwalden Frank · Uri Frank · US occupation franc (unofficial) · Vaud franc · Vlorë frank · Westphalian Frank · Zürich Frank
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Currencies of Africa
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