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 the Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964, two years after gaining independence.
A proposal exists to introduce a common currency, a new East African shilling, for the five member states of the East African Community. Whilst originally scheduled to occur by the end of 2012,[5] as of March 2023, a common currency has still yet to be introduced.
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 1⁄2 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 series of 1 to 50 franc coins were issued in 2004 (dated 2003) and a new bimetallic coin of 100 francs was introduced in 2008 (dated 2007)
100 francs - Nickel-plated steel ring and Copper-plated steel centre
Banknotes
In 1964, provisional notes were created for use in Rwanda by handstamping (20 to 100 francs) or embossing (500 and 1,000 francs) Rwanda-Burundi notes bearing their original dates and signatures.[6] These were followed by regular issues for the same amounts dated 1964 to 1976.
20 and 50 franc notes were replaced by coins in 1977, with 5,000 franc notes introduced in 1978. The nation's first-ever 2,000 franc note was introduced in mid-December 2007. In 2008 the bank replaced the 100 franc note with a bimetallic coin, and revoked the notes’ legal tender status on 31 December 2009. On September 24, 2013, the National Bank of Rwanda issued a redesigned 500 franc note depicting cows on the front and students with XO computers (from One Laptop per Child) on the back.[7] In December 2014, the National Bank of Rwanda issued 2,000 and 5,000 franc notes with revised security features and the removal of French descriptions on the notes.[8] In October 2015, the National Bank of Rwanda issued a revised 1000 franc note with improved security features and the removal of French descriptions on the notes.[9]
On 7 February 2019, the National Bank of Rwanda announced new 500 francs and 1,000 francs banknotes would be introduced on 11 February 2019. These banknotes will have new security features and better quality to reduce wear. The design of the front of the 500 franc note is entirely new, and the overall color has been changed to brown to help distinguish it from the 1,000 franc note.[10]
Banknotes of the Rwandan franc (Current issue)[11]
^Miriri, Duncan (2010-07-01). . Nairobi, Kenya: Reuters. Archived from the original on 2012-01-18. Retrieved 2011-07-12. The ultimate goal of the bloc is to have a common currency in 2012
^Linzmayer, Owen (2013). "Rwanda". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
^Rwanda new 500-franc note confirmed 2015-03-15 at the Wayback Machine BanknoteNews.com. September 26, 2013. Retrieved on 2015-01-07.
^Rwanda new 2,000- and 5,000-franc notes confirmed 2015-03-25 at the Wayback Machine BanknoteNews.com. January 6, 2015. Retrieved on 2015-01-07.
^Rwanda new 1,000-franc note (B140) confirmed BanknoteNews.com. November 15, 2015. Retrieved on 2015-11-15.
^@CentralBankRw (7 February 2019). "PRESS RELEASE: @CentralBankRw releases new series of FRW 500 and FRW 1000 banknotes" (Tweet) – via Twitter.
rwandan, franc, sign, possibly, 4217, currency, rwanda, subdivided, into, centimes, franc, rwandais, french, ifaranga, rwanda, kinyarwanda, current, banknotes, 4217coderwf, numeric, unitsymbolfrw, denominationssubunit, 100centimebanknotes500, 1000, 2000, 5000,. The Rwandan franc 1 sign FRw 2 and possibly RF 3 or R 4 ISO 4217 RWF is the currency of Rwanda It is subdivided into 100 centimes 1 Rwandan francfranc rwandais French Ifaranga ry u Rwanda Kinyarwanda Current banknotes of the Rwandan francISO 4217CodeRWF numeric 646 UnitSymbolFRw RF R DenominationsSubunit 1 100centimeBanknotes500 1000 2000 5000 francsCoins1 2 5 10 20 50 and 100 citation needed francsDemographicsUser s RwandaIssuanceCentral bankNational Bank of Rwanda Websitewww wbr bnr wbr rwValuationInflation15 4 SourceThe World Factbook 2008 est Contents 1 History 2 Coins 3 Banknotes 4 Historical exchange rates 5 See also 6 References 7 External linksHistory EditThe 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 the Belgian Congo until 1960 when the Rwanda and Burundi franc was introduced Rwanda began issuing its own francs in 1964 two years after gaining independence A proposal exists to introduce a common currency a new East African shilling for the five member states of the East African Community Whilst originally scheduled to occur by the end of 2012 5 as of March 2023 a common currency has still yet to be introduced Coins EditIn 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 1 2 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 series of 1 to 50 franc coins were issued in 2004 dated 2003 and a new bimetallic coin of 100 francs was introduced in 2008 dated 2007 1 franc 98 Aluminium 2 Magnesium 5 francs Bronze 10 francs Bronze 20 francs Nickel plated steel 50 francs Nickel plated steel 100 francs Nickel plated steel ring and Copper plated steel centreBanknotes EditIn 1964 provisional notes were created for use in Rwanda by handstamping 20 to 100 francs or embossing 500 and 1 000 francs Rwanda Burundi notes bearing their original dates and signatures 6 These were followed by regular issues for the same amounts dated 1964 to 1976 20 and 50 franc notes were replaced by coins in 1977 with 5 000 franc notes introduced in 1978 The nation s first ever 2 000 franc note was introduced in mid December 2007 In 2008 the bank replaced the 100 franc note with a bimetallic coin and revoked the notes legal tender status on 31 December 2009 On September 24 2013 the National Bank of Rwanda issued a redesigned 500 franc note depicting cows on the front and students with XO computers from One Laptop per Child on the back 7 In December 2014 the National Bank of Rwanda issued 2 000 and 5 000 franc notes with revised security features and the removal of French descriptions on the notes 8 In October 2015 the National Bank of Rwanda issued a revised 1000 franc note with improved security features and the removal of French descriptions on the notes 9 On 7 February 2019 the National Bank of Rwanda announced new 500 francs and 1 000 francs banknotes would be introduced on 11 February 2019 These banknotes will have new security features and better quality to reduce wear The design of the front of the 500 franc note is entirely new and the overall color has been changed to brown to help distinguish it from the 1 000 franc note 10 Banknotes of the Rwandan franc Current issue 11 Image Value Obverse Reverse 1 500 francs Amafaranga Magana Atanu Students studying with XO computers Cows 2 500 francs Amafaranga Magana Atanu Students studying with XO computers Nyungwe Canopy Muregeya suspension footbridge 3 1000 francs Amafaranga Igihumbi National Museum of Rwanda Butare Golden monkey Volcanoes national park 4 2000 francs Amafaranga Ibihumbi Bibiri Satellite dish and a radio tower Coffee beans 5 5000 francs Amafaranga Ibihumbi Bitanu Gorillas in Volcanoes National Park BasketsHistorical exchange rates EditRwandan francs per US dollar 6 262 20 1995 393 44 2000 610 2005 570 2010 689 2014 760 2016 947 2020 Current RWF exchange ratesFrom Google Finance AUD CAD CHF CNY EUR GBP HKD JPY USDFrom Yahoo Finance AUD CAD CHF CNY EUR GBP HKD JPY USDFrom XE com AUD CAD CHF CNY EUR GBP HKD JPY USDFrom OANDA AUD CAD CHF CNY EUR GBP HKD JPY USDSee also Edit Money portal Numismatics portal Africa portalEconomy of Rwanda Burundian francReferences Edit a b National Bank of Rwanda Legal tender Archived 2011 04 03 at the Wayback Machine Accessed 2011 02 25 National Bank of Rwanda Currency characteristics Accessed 2017 02 20 University of British Columbia Saunders School of Business Currencies of the World Accessed 2011 02 25 Lonely Planet Rwanda Accessed 2011 02 25 Miriri Duncan 2010 07 01 East African common market begins Nairobi Kenya Reuters Archived from the original on 2012 01 18 Retrieved 2011 07 12 The ultimate goal of the bloc is to have a common currency in 2012 Linzmayer Owen 2013 Rwanda The Banknote Book San Francisco CA www BanknoteNews com Rwanda new 500 franc note confirmed Archived 2015 03 15 at the Wayback Machine BanknoteNews com September 26 2013 Retrieved on 2015 01 07 Rwanda new 2 000 and 5 000 franc notes confirmed Archived 2015 03 25 at the Wayback Machine BanknoteNews com January 6 2015 Retrieved on 2015 01 07 Rwanda new 1 000 franc note B140 confirmed BanknoteNews com November 15 2015 Retrieved on 2015 11 15 CentralBankRw 7 February 2019 PRESS RELEASE CentralBankRw releases new series of FRW 500 and FRW 1000 banknotes Tweet via Twitter 2009 series Krause Chester L Clifford Mishler 1991 Standard Catalog of World Coins 1801 1991 18th ed Krause Publications ISBN 0873411501 Pick Albert 1994 Standard Catalog of World Paper Money General Issues Colin R Bruce II and Neil Shafer editors 7th ed Krause Publications ISBN 0 87341 207 9 External links Edit Retrieved from https en wikipedia org w index php title Rwandan franc amp oldid 1158797362, wikipedia, wiki, book, books, library,
