The local currency is the Rwandan franc, and it is allowed to float freely on the world currency market. The exchange rate in 1998 was 312 Rwandan francs for 1 U.S. dollar. The National Bank of Rwanda is the country's central bank and determines monetary policy for the country. Inflation, which had been extremely high follwing
| Exchange rates: Rwanda | |
| Rwandan francs per US$1 | |
| Jan 2001 | 432.24 |
| 2000 | 389.70 |
| 1999 | 333.94 |
| 1998 | 312.31 |
| 1997 | 301.53 |
| 1996 | 306.82 |
| SOURCE: CIA World Factbook 2001 [ONLINE]. | |
the 1994 war, has since been stabilized and was about 5 percent in 2000.
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