Rwandan franc
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| Rwandan franc franc rwandais (French) Kinyarwanda frank (Kinyarwanda) |
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| ISO 4217 Code | RWF | ||
|---|---|---|---|
| User(s) | Rwanda | ||
| Inflation | 6.7% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | centime | ||
| Symbol | RF | ||
| Coins | 1, 2, 5, 10, 20, 50 francs | ||
| Banknotes | 100, 500, 1000, 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].
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.
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[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 1000 francs. These were followed by regular issues for the same amounts. 20 and 50 francs notes were replaced by coins in 1977, with 5000 francs notes introduced in 1978. A 2000 franc note will be introduced in June 2007. [3]
[edit] Historical exchange rates
Rwandan francs per US dollar:[1]
- 262.20 (1995)
- 393.44 (2000)
- 574.62 (2004)
- 542.22 (Sep 2005)
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[edit] References
- Chester L. Krause & Cliffor Mischler (1991). in Colin R. Bruce II: Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Albert Pick (1994). in Neil Shafer & Colin R. Bruce II: Standard Catalog of World Paper Money, General Issues, 7th ed., Krause Publications. ISBN 0-87341-207-9.
[edit] External links
| Currencies named franc or similar | |
|---|---|
| Current | Burundian franc · CFA franc (Central African CFA franc · West African CFA franc) · CFP franc · Comorian franc · Congolese franc · Djiboutian franc · Guinean franc · Liechtenstein frank · Rwandan franc · Swiss franc · UIC franc |
| Defunct | Algerian franc · Belgian franc · Cambodian franc · French Camerounian franc · French franc · Katangan franc · Gold franc · Luxembourgish franc · Malagasy franc · Malian franc · Monegasque franc · Moroccan franc · New Hebrides franc · Réunion franc · Rwanda and Burundi franc · Saar franc · Tunisian franc · Westphalian Frank |
| Hypothetical | US occupation franc |
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