Rwanda Franc

AAA

DEFINITION of 'Rwanda Franc'

The currency of Rwanda, abbreviated as RWF. The Rwandan franc is the legal tender of Rwanda and uses both coins and banknotes. Each franc is broken into santimes with denominations of 5000, 1000, 500, and 100 in banknotes and 50, 20, 10, 5, 2, and 1 in coins. The currency is regulated by the Banque Nationale du Rwanda, which is the Rwandan central bank.

INVESTOPEDIA EXPLAINS 'Rwanda Franc'

The Rwanda franc became the official currency in 1964. Previously, Rwanda and Burundi shared a currency name the Rwanda and Burundi Franc from 1960 to 1963. The Belgian Congo franc and the German East African rupie were both used previous to 1960, as both Belgium and Germany at one time had held Rwanda as a colony.

RELATED TERMS
  1. Deutschmark

    The official currency of Germany until Germany's adoption of ...
  2. BIF (Burundi Franc)

    The currency abbreviation or currency symbol for the Burundi ...
  3. CHF (Swiss Franc)

    The currency abbreviation for the Swiss franc (CHF), the currency ...
  4. Currency

    A generally accepted form of money, including coins and paper ...
  5. Forex - FX

    The market in which currencies are traded. The forex market is ...
  6. Euro

    The official currency of the European Union's (EU) member states. ...
Related Articles
  1. Forex Fundamentals

    What Causes A Currency Crisis?

    Find out what can cause a currency to collapse, and what central banks can do to help.
  2. Forex Education

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  3. Fundamental Analysis

    An Evaluation Of Emerging Markets

    Get the full story on this asset class before you write it off as too risky.
  4. Forex Education

    How To Trade Forex On News Releases

    When economic data comes out, it can have a marked impact on the currency market. Find out how to profit.
  5. Bonds & Fixed Income

    6 Factors That Influence Exchange Rates

    Find out how a currency's relative value reflects a country's economic health and impacts your investment returns.
  6. Economics

    What Is An Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.
  7. Economics

    Forging Frontier Markets

    Pioneering is never easy, but it has its exciting - and worthwhile - moments for investors.
  8. Investing Basics

    The Most Popular Bitcoin Mining Software

    Success at mining bitcoins depends on the combination of time, knowledge, computer hardware and the complementary software.
  9. Economics

    Profiting From China's Breakout: The Right Funds

    China's prospects for growth, and for rewarding investments, can't be debated. Here are some worthwhile funds to invest in, and the smart way of doing it.
  10. What's a Multinational Corporation?
    Investing

    What's a Multinational Corporation?

    A multinational corporation is just that – a corporation that operates in multiple nations, with a home office that coordinates global management. Being a multinational corporation is a complicated ...

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center