The Bank of the Republic of Burundi (french: Banque de la République du Burundi, BRB) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

Burundi Burundi (, ), officially the Republic of Burundi ( rn, Repuburika y’Uburundi ; Swahili language, Swahili: ''Jamuhuri ya Burundi''; French language, French: ''République du Burundi'' ), is a landlocked country in the Great Rift Valley at the ...

. The bank was established in 1966 and its offices are in

Bujumbura Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's normal capital. In late ...

. The Bank is active in promoting

financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...

policy and is a member of th
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 during the 2011

Global Policy Forum The Global Policy Forum (GPF) is an international non-governmental organization founded in December 1993 and based in New York and Bonn (Global Policy Forum Europe). � The aim of the Global Policy Forum is to critically accompany and analyze devel ...

held in Mexico. The Current governor is Jean Ciza.

History

The central bank evolved step by step: * Royal Decree of 27 July 1887 establishes the

franc The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (Style of the French sovereign, King of the Franks) used on early France, ...

as the money of account for the

Independent State of Congo Independent or Independents may refer to: Arts, entertainment, and media Artist groups * Independents (artist group), a group of modernist painters based in the New Hope, Pennsylvania, area of the United States during the early 1930s * Independe ...

, and Burundi is included as well. *

Heligoland Agreement of 1890 Heligoland (; german: Helgoland, ; Heligolandic Frisian: , , Mooring Frisian: , da, Helgoland) is a small archipelago in the North Sea. A part of the German state of Schleswig-Holstein since 1890, the islands were historically possessions ...

puts Rwanda and Burundi within the German

sphere of influence In the field of international relations, a sphere of influence (SOI) is a spatial region or concept division over which a state or organization has a level of cultural, economic, military or political exclusivity. While there may be a formal al ...

in Africa;

German East African rupie The Rupie was the currency of German East Africa between 1890 and 1916, continuing to circulate in the Tanganyika Territory until 1920. History The Indian rupee was the dominant currency used along the East African coast during the second half ...

is the official

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

; circulation of the

French franc The franc (, ; sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It w ...

continues nonetheless. * As a result of

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

's actions, the

Belgian Congo The Belgian Congo (french: Congo belge, ; nl, Belgisch-Congo) was a Belgian colony in Central Africa from 1908 until independence in 1960. The former colony adopted its present name, the Democratic Republic of the Congo (DRC), in 1964. Colo ...

becomes a member of the

Latin Monetary Union The Latin Monetary Union (LMU) was a 19th-century system that unified several European currencies into a single currency that could be used in all member states when most national currencies were still made out of gold and silver. It was establish ...

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 Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

's defeat in

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

; 1927 * Colony of Belgian Congo and the Bank of Belgian Congo create a new relationship; 1927 - 1952 **

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

era: temporary involvement of the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...

; Congo franc is listed in London. *

Belgian Congo and Ruanda-Urundi Central Bank Belgian may refer to: * Something of, or related to, Belgium * Belgians, people from Belgium or of Belgian descent * Languages of Belgium, languages spoken in Belgium, such as Dutch, French, and German *Ancient Belgian language, an extinct language ...

(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 The National Bank of Rwanda ( rw, Banki Nkuru Y'u Rwanda, french: Banque Nationale du Rwanda) is the central bank of Rwanda. The bank was founded in 1964. The current governor of the bank is John Rwangombwa. Location It is quartered at the Na ...

(BNR) open in 1964. * Banque de la République du Burundi (BRB) opens in 1966.

Governors

* Bonaventure Kidwingira, 1967-1977 * Elisee Ntahonikora, 1977-1980 * Aloys Ntahonkiriye, 1980-1986 * Isaac Budabuda, 1987-1992 * Mathias Sinamenye, 1992-1998 * Grégoire Banyiyezako, 1998-2003 *

Salvator Toyi Salvator, original spelling of Salvador, may refer to: * Paulaner Salvator, the original doppelbock brand * ''Salvator'' (lizard), a genus of lizards * Salvator (horse) (1886–1909), an American thoroughbred racehorse * Salvator of Horta (1520� ...

, 2003-2006 * Gabriel Ntisezerana, 2006-2007 * Isaac Bizimana, 2007 * Gaspard Sindayigaya, 2007–2012 * Jean Ciza, 2012- Source:https://www.brb.bi/sites/default/files/RAPPORT%20ANNUEL%202014.pdf

References

External links

*
Banque de la République du Burundi
Economy of Burundi

Banks established in 1966 1966 establishments in Burundi Banks of Burundi {{Africa-company-stub

History

Governors

See also

References

External links