IFC issued a 24 billion Rwandan franc ($17M) local currency bond to boost Rwanda’s capital market and fund digital infrastructure. • The 8-year 'Umuganda' bond was oversubscribed 1.75 times and offers ...

The Rwandan franc depreciated 3.7 percent in the first half of 2024, higher than the historical averages, with the central bank blaming it on a widening trade deficit.“We expect to see further ...

On the basis of year-on-year, the Rwandan Franc depreciated by 5.3 per cent versus the US dollar, higher than the 4.3 per cent recorded in June 2020.

The Rwandan franc (Rwf) has been battered by its East African peers as a result of sustained low production and a widening trade deficit. T he National Bank of Rwanda (BNR) said in data released ...

The Rwandan Franc (RWF) has depreciated by 16.3 per cent against the US dollar during the 2023/2024 fiscal year due to economic contractions from geopolitical hangovers. John Rwangombwa, the Governor ...

Businesses must use Rwandan Francs for local transactions. Exceptions include import and export transactions, as well as authorized foreign exchange transactions with special permission from the ...

Stability in Rwanda’s foreign exchange reserves has kept the Rwandan Franc stable against the other foreign currencies, Central Bank Governor Francois Kanimba has said. The Governor said on Wednesday ...

Rwanda's development bank aims to raise a 30 billion Rwandan franc ($25 million) sustainability-linked bond whose proceeds will be lent to women-led businesses and affordable housing, the bank ...

Rwanda plans to increase its overall spending by 11% to 5.69 trillion Rwandan francs ($4.43 billion) in the next financial year starting in July, its finance minister said on Monday.