Bank of the Republic of Burundi

Bank of the Republic of Burundi: Logo

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

World War II era: temporary involvement of the Bank of England; Congo franc is listed in London.

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

Burundian franc

Central banks and currencies of Africa

Economy of Burundi

List of central banks

External links

(French) Banque de la République du Burundi

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Global

Global

Bank for International Settlements · Basel Committee on Banking Supervision · Financial Stability Board

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Policies and implementation

Policies

Capital requirement · Contractionary monetary policy · Expansionary monetary policy

Implementation

Capital control · Discount rate · Interest rates · Money creation · Open market operations · Sovereign wealth fund

Bretton Woods system

International Monetary Fund · World Bank Group (International Bank for Reconstruction and Development · International Centre for Settlement of Investment Disputes · International Development Association · International Finance Corporation · Multilateral Investment Guarantee Agency)

Lists

List of central banks · Central banks and currencies of Africa · Central banks and currencies of the Caribbean · Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

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