The Bank of the Republic of Burundi (Kirundi: Ibanki ya Republika y'uBurundi, French: Banque de la République du Burundi; BRB) is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura.
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| Headquarters | Bujumbura |
|---|---|
| Established | 1966 |
| Ownership | 100% state ownership[1] |
| Governor | Edouard Normand Bigendako |
| Central bank of | Burundi |
| Currency | Burundian franc |
| Reserves | 80 million USD[1] |
| Website | www |
The Bank is active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration[2] during the 2011 Global Policy Forum held in Mexico.
The Current governor is Edouard Normand Bigendako.[3]
History edit
The central bank evolved step by step:
- Royal Decree of 27 July 1887 establishes the franc as the money of account for the Congo Free State, and Burundi is included as well.
- Heligoland Agreement of 1890 puts Rwanda and Burundi within the German sphere of influence in Africa; German East African rupie is the official currency; circulation of the French franc continues nonetheless.
- As a result of Belgium's actions, the Belgian Congo becomes a member of the Latin Monetary Union in 1908.
- Banque du Congo Belge established in 1909.
- Banque du Congo Belge issues its first banknotes in 1912.
- Rwanda and Burundi attached to the Congolese Franc Zone following Germany's defeat in World War I; 1927
- Colony of Belgian Congo and the Banque du Congo Belge create a new relationship; 1927 - 1952
- World War II era: temporary involvement of the Bank of England; Congo franc is listed in London.
- Banque Centrale du Congo Belge et du Ruanda-Urundi (BCCBRU) 1952 - 1960
- Banque d'Émission du Rwanda et du Burundi (BERB) / (Issuing Bank of Rwanda and Burundi) - 1960 - 1964
- Banque du Royaume du Burundi (BRB) (Royal Bank of Burundi) and the Banque Nationale du Rwanda (BNR) open in 1964.
- Banque de la République du Burundi (BRB) opens in 1966.
Governors edit
- Bonaventure Kidwingira, 1967-1977
- Elisee Ntahonikora, 1977-1980
- Aloys Ntahonkiriye, 1980-1986
- Isaac Budabuda, 1987-1992[4]
- Mathias Sinamenye, 1992-1998
- Grégoire Banyiyezako, 1998-2003
- Salvator Toyi, 2003-2006
- Gabriel Ntisezerana, 2006-2007
- Isaac Bizimana, 2007
- Gaspard Sindayigaya, 2007–2012
- Jean Ciza, 2012-2022
- Dieudonné Murengerantwari 2022-2023
- Edouard Normand Bigendako 2023-current
Source:[5]
See also edit
References edit
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek. Archived from the original on 28 May 2020. Retrieved 9 May 2020.
- ^ Inclusion, Alliance for Financial. "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations". www.prnewswire.com. Archived from the original on 4 October 2011. Retrieved 7 September 2017.
- ^ "EAC bank governors agree to mitigate risks". www.busiweek.com. Archived from the original on 19 October 2017. Retrieved 6 September 2016.
- ^ Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003. Archived from the original on 6 July 2020. Retrieved 3 May 2020.
- ^ RAPPORT ANNUEL 2014 Archived 4 February 2022 at the Wayback Machine
External links edit
- (in French) Banque de la République du Burundi
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