Bank of the Republic of Burundi

Central Bank of Burundi

Bank of the Republic of Burundi
Banque de la République du Burundi
Logo
Headquarters	Bujumbura
Established	1966
Ownership	100% state ownership^[1]
Governor	Edouard Normand Bigendako
Central bank of	Burundi
Currency	Burundian franc
Reserves	80 million USD^[1]
Website	www.brb.bi

The Bank of the Republic of Burundi (Kirundi: Ibanki ya Republika y'uBurundi, 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.

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 Edouard Normand Bigendako.^[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 Congo Free State, 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.
Banque du Congo Belge established in 1909.
Banque du Congo Belge issues its first banknotes in 1912.
Rwanda and Burundi attached to the Congolese Franc Zone following Germany's defeat in World War I; 1927
Colony of Belgian Congo and the Banque du Congo Belge create a new relationship; 1927 - 1952
- World War II era: temporary involvement of the Bank of England; Congo franc is listed in London.
Banque Centrale du Congo Belge et du Ruanda-Urundi (BCCBRU) 1952 - 1960
Banque d'Émission du Rwanda et du Burundi (BERB) / (Issuing Bank of Rwanda and Burundi) - 1960 - 1964
Banque du Royaume du Burundi (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, 2012-2022
Dieudonné Murengerantwari 2022-2023
Edouard Normand Bigendako 2023-current

Source:^[5]

References

^ ^a ^b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek. Archived from the original on 28 May 2020. Retrieved 9 May 2020.
^ Inclusion, Alliance for Financial. "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations". www.prnewswire.com. Archived from the original on 4 October 2011. 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.
^ Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003. Archived from the original on 6 July 2020. Retrieved 3 May 2020.
^ RAPPORT ANNUEL 2014 Archived 4 February 2022 at the Wayback Machine