Bank of the Republic of Burundi
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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.
[edit] 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.
[edit] See also
[edit] External links
- (French) Banque de la République du Burundi
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