Bank of the Republic of Burundi


Bank of the Republic of Burundi
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The Bank of the Republic of Burundi (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.

History

The central bank evolved step by step:

  • Royal Decree of 27th July 1887 establishes the franc as the money of account for the Independent State of Congo, 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.
  • Bank of Belgian Congo established in 1909.
  • Bank of Belgian Congo issues its first banknotes in 1912.
  • Rwanda and Burundi attached to the Congo Franc Zone following Germany's defeat in World War I; 1927
  • Colony of Belgian Congo and the Bank of Belgian Congo create a new relationship; 1927 - 1952
  • Belgian Congo and Ruanda-Urundi Central Bank (BCCBRU) 1952 - 1960
  • Banque d' Emission du Rwanda et du Burundi (BERB) / (Issuing Bank of Rwanda and Burundi) - 1960 - 1964
  • Banque du Royaume du Burund (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.

See also

External links