What is the currency in ruanda?

Question

What is the currency in ruanda?

Answer 1

Rwandan Franc

Answer 2

Rwandan Franc (RWF)

Answer 3

Rwandan Franc.

Answer 4

Rwandan franc

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].

History

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.

There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2009.

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 1,000 francs. These were followed by regular issues for the same amounts. 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.