Rwanda - Money



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.

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA