National Bank of Rwanda

National Bank of Rwanda
Banki Nkuru Y'u Rwanda
Banque Nationale du Rwanda
Central bank ofRwanda
HeadquartersKN6 Avenue
Kigali, Rwanda
Established1964
Ownership100% state ownership[1]
GovernorSoraya Hakuziyaremye
CurrencyRwanda franc
RWF (ISO 4217)
ReservesUS$1.9 billion (July 2022)[2]
Websitewww.bnr.rw

The National Bank of Rwanda (Kinyarwanda: Banki Nkuru Y'u Rwanda, French: Banque Nationale du Rwanda) is the central bank of Rwanda. It was founded in 1964.[3] The current governor of the bank is Soraya Munyana Hakuziyaremye.[4]

Location

It is quartered at the National Bank of Rwanda Building, on KN6 Avenue in the central business district of Kigali, the capital and largest city in Rwanda.[5] The coordinates of the bank's headquarters are 01°56'56.0"S, 30°03'49.0"E (Latitude:-1.948889; Longitude:30.063611).[6]

Overview

The bank is active in promoting financial inclusion policy, and is a leading member of the Alliance for Financial Inclusion.[7] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico.[8]

Governors

Governors of the National Bank of Rwanda:[9]

  • Johan A. Brandon: 1964–1965
  • Masaya Hattori: 1965–1971
  • Jean Berchmans Birara: 1971–1985
  • Augustin Ruzindana: 1985–1990
  • Denis Ntirugirimbabazi: 1991–1994
  • Gérard Niyitegeka: 1994–1995
  • François Mutemberezi: 1996–2002
  • François Kanimba: 2002–2011
  • Claver Gatete: 2011–2013
  • John Rwangombwa: 2013–2025
  • Soraya Hakuziyaremye: 2025–

History

The central bank, whose name is abbreviated to "BNR", evolved step by step:[3]

See also

References

  1. ↑ Jan Weidner, M.Sc. "The Organisation and Structure of Central Banks : Dissertation". D-nb.info. Retrieved 11 January 2022.
  2. ↑ url=https://www.bnr.rw/index.php?id=82
  3. 1 2 National Bank of Rwanda (28 September 2016). "A Brief Survey of Rwanda's Monetary History". Kigali: National Bank of Rwanda. Archived from the original on 15 January 2017. Retrieved 28 September 2016.
  4. ↑ Kabona, Esiara (27 September 2016). "Rwanda retains key repo rate at 6.5 percent". The EastAfrican. Nairobi. Retrieved 28 September 2016.
  5. ↑ "Location of National Bank of Rwanda, Kigali" (Map). Google Maps. Retrieved 28 September 2016.
  6. ↑ "The Geographical Coordinates of Headquarters of National Bank of Randa" (Map). Google Maps. Retrieved 28 September 2016.
  7. ↑ Alliance for Financial Inclusion
  8. ↑ Alliance for Financial Inclusion (30 September 2011). "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations". Riviera Maya, Mexico: Prnewswire Quoting Alliance for Financial Inclusion. Retrieved 28 September 2016.
  9. ↑ "BNR: Governor". 11 October 2016. Archived from the original on 11 October 2016.
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