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|
|SOURCE: CIA World Factbook 2001 [ONLINE].|
the 1994 war, has since been stabilized and was about 5 percent in 2000.