Bank of the Republic of Burundi
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.
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| Headquarters | Bujumbura |
|---|---|
| Established | 1966 |
| Ownership | 100% state ownership[1] |
| Governor | Jean Ciza |
| Central bank of | Burundi |
| Currency | Burundian franc |
| Reserves | 80 million USD[1] |
| Website | www |
The Bank is active in promoting financial inclusion policy and is a member of the 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[2] during the 2011 Global Policy Forum held in Mexico.
The Current governor is Jean Ciza.[3]
History
The central bank evolved step by step:
- Royal Decree of 27 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.
Governors
- Bonaventure Kidwingira, 1967-1977
- Elisee Ntahonikora, 1977-1980
- Aloys Ntahonkiriye, 1980-1986
- Isaac Budabuda, 1987-1992[4]
- Mathias Sinamenye, 1992-1998
- Grégoire Banyiyezako, 1998-2003
- Salvator Toyi, 2003-2006
- Gabriel Ntisezerana, 2006-2007
- Isaac Bizimana, 2007
- Gaspard Sindayigaya, 2007–2012
- Jean Ciza, 2012-
Source: [5]
See also
References
- https://d-nb.info/1138787981/34
- Inclusion, Alliance for Financial. "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations". www.prnewswire.com. Retrieved 7 September 2017.
- "EAC bank governors agree to mitigate risks". www.busiweek.com. Archived from the original on 19 October 2017. Retrieved 6 September 2016.
- https://babel.hathitrust.org/cgi/pt?id=uc1.c110545539
- https://www.brb.bi/sites/default/files/RAPPORT%20ANNUEL%202014.pdf
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