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. CHF (Swiss Franc)

    The currency abbreviation for the Swiss franc (CHF), the currency ...
  3. Euro

    The official currency of the European Union's (EU) member states. ...
  4. Currency

    A generally accepted form of money, including coins and paper ...
  5. BIF (Burundi Franc)

    The currency abbreviation or currency symbol for the Burundi ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
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. Economics

    Iron Ore Market: Falling Into The Hands Of A Few

    The big iron ore mining companies have embarked on a drive to increase supply, reduce cost, and take market share.
  9. Stock Analysis

    What’s The Best Airline Stock In the Industry?

    With many airlines forced to seek bankruptcy protection, Southwest Airlines stands out as having consistently remained profitable throughout its history.
  10. Investing

    The Best Way To Approach The Currency Hedge

    Currency is going to continue to be an important factor in investment choices, particularly as the dollar strengthens.

You May Also Like

Hot Definitions
  1. Efficiency Ratio

    Ratios that are typically used to analyze how well a company uses its assets and liabilities internally. Efficiency Ratios ...
  2. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  3. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  4. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  5. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  6. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
Trading Center