Rwandan Franc


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Rwandan Franc

The currency of Rwanda. It was introduced in 1964, replacing the Rwanda and Burundi franc. The proposed East African shilling may replace the franc.
References in periodicals archive ?
22 ("Any person guilty of getting married while there still exist a valid marriage contract between him/her and someone else shall be liable to imprisonment of three (3) years to five (5) years and a fine between three hundred thousand (300,000 Rwf) Rwandan francs and five hundred thousand (500,000 Rwf) Rwandan francs.").
The price of diesel rose by 2.2 per cent, while unleaded gasoline rose by 2.6 pe r cent, selling at 920 Rwandan francs per liter, the Rwandan government said in a statement.
A customer having Rwandan francs on the card can individually make exchange into foreign currencies following steps recommended during the first time picking the Multicurrency Prepaid card.
Avega gave the group 56,000 Rwandan francs (pounds 85) to start-up the business.
According to Mr Marc Rugenera, the new Finance Minister, 154 parcels containing freshly printed banknotes worth between 10 and 30 billion Rwandan Francs (US$30-90m) were taken from the Rwandan National Bank.
Under the new initiative private sector entrepreneurs and companies will be able to use loans in Rwandan francs to invest and expand activities across a range of sectors.
The bonds are the first Rwandan bonds placed offshore, after a decision by Euroclear earlier in the week for adding Rwandan francs as a new currency helping facilitate the development of capital markets for international investors.
With total premiums of 7.064 billion Rwandan francs ($10million), CORAR-AG Ltd is the third leading insurance firm in Rwanda.
IFC, a member of the World Bank Group, today issued its first bond denominated in Rwandan francs, raising 15 billion francs (about $22 million) to expand the availability of long-term local-currency finance for local businesses while strengthening the country s domestic capital markets.
Development Bank of Rwanda (BRD) has delivered a donation of iron sheets worth 30 million Rwandan francs towards the construction of improved shelter for refugees evicted from Tanzania temporarily camped in Kirehe District in the Eastern Province.
SACCO Tugendane n igihe from Mukura Sector has also awarded 20 million Rwandan Francs to farmers in the area to purchase Irish Potatoes seeds ahead of the planting time.