Rwanda and Burundi franc

1 RBF = 1 Congolese franc

The Rwanda - Burundi Franc was from 1960 to 1962 the currency of the Belgian UN Trust Territory of Ruanda- Urundi, and until 1964, the first currency of the countries of Rwanda and Burundi after their independence. The franc was issued by the Banque d' Emission du Rwanda et du Burundi ( Berb ).

History

After the to 1919 to German East Africa belonging kingdoms Rwanda and Burundi ( former spelling: Urundi ) were awarded by the Versailles Treaty as mandated territories of Belgium, the (first) Congolese franc was used as currency. Officially, the Banque du Congo Belge responsible through a contract with the management of the Belgian colonial government until October 10, 1927, the mandate territory, effectively to the central bank for the Belgian Congo and Ruanda- Urundi. This agreement had a term of 25 years. From 1952, the Banque Centrale du Congo Belge et du Ruanda- Urundi took over the issuance of banknotes and coins. After the ill-prepared independence of the Belgian Congo on June 30, 1960 had to be created for the still under Belgian control of the trust territory a new currency. By a royal decree Banque d' Emission du Rwanda et du Burundi was created and charged with the issue of a new franc on 21 August 1960. The Rwanda - Burundi Franc was introduced on 2 September 1960 in which he was aligned with the gold standard of the Congolese franc. This corresponded to 1 Franc 0.01974824173 grams of fine gold. An exchange of the old Congolese franc banknotes and coins was possible only until 22 September of the year to prevent large amounts of rapidly geratenen by the Congo turmoil under devaluation pressure Congolese franc came into the country. On the other hand, notes from the Rwanda - Burundi Francs were introduced to Katanga and formed, provided with printings, the first temporary banknote series of Katanga franc.

After the independence of Rwanda and Burundi on July 1, 1962, both countries held first of all to a common currency. It was only in April 1964, after the preparations were completed for the introduction of national currencies, the Rwanda - Burundi Franc was replaced with effect from May 19, 1964 the Rwandan franc and the Burundian franc and the tasks of Berb transferred to the new central banks of both countries.

Coins and banknotes

In the four years of its existence there was only one series of banknotes of 5, 10, 20, 50 and 100 Francs with designs from the African wildlife, as well as a coin 1 franc made ​​of brass.

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