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LOCAL CURRENCY IN RWANDA

Need to know waht is the local currency in Rwanda? The local money in Rwanda is called Franc.

The Rwandan Franc is issued and managed by the National Bank of Rwanda. To find out the current currency exchange rates for Franc to other major currencies of the world, click on foreign currency rates.

Rwandan Currency Information
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The currency used in Rwanda is called as the Franc. This currency is denoted with the currency sign FRw, RF, R? and the ISO 4217 Code for the Rwandan Franc is RWF. The Franc, is the official currency of the Rwanda . It is divided into 100 smaller units called centime.

The constitution of Rwanda provides that the Rwanda government shall have the power to print the Rwandan Franc and centime coins to be used as a legal tender in Rwanda. The Rwandan Franc bank notes and Centime coins are both designated as "legal tender" in payment of debts.

The Rwandan Franc bill uses the decimal system, consisting of 100 equal units.

The symbol FRw, RF, R?, usually written before the numerical amount, is used for the Rwandan Franc.

Currently printed bank notes denominations are 500, 1000, 2000, 5000 francs and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 and 100 Francs .

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The Effect of Balance of Trade and Investment on the Value of Rwandan Franc
Financial analysts regularly cite the balance of trade and investment in Rwanda as the most important influence on the value of the Franc. The difference between what the Rwanda exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Franc exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Franc exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Rwandan Franc.
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