Bank of the Republic of Burundi

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The Bank of the Republic of Burundi (French: Banque de la République du Burundi, BRB) is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura.

[edit] History

The central bank evolved step by step:

  • Royal Decree of 27th July 1887 establishes the franc as the money of account for the Independent State of Congo, and Burundi is included as well.
  • Heligoland Agreement of 1890 puts Rwanda and Burundi within the German sphere of influence in Africa; 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
  • 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
  • Banque du Royaume du Burund (BRB) / Royal Bank of Burundi and the Banque Nationale du Rwanda (BNR) open in 1964.
  • Banque de la République du Burundi (BRB) opens in 1966.

[edit] See also

[edit] External links


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