Bank of the Republic of Burundi
{{Short description|Central Bank of Burundi}}
{{Use dmy dates|date=April 2025}}
{{Infobox Central bank
| image_1 = Bank of the Republic of Burundi logo.png
| image_width_1 = 165px
| image_2 = File:Republic bank of Burundi.jpg
| image_width_2 = 250px
| bank_name_in_local = Banque de la République du Burundi
| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek |year=2017 |access-date=9 May 2020 |archive-date=28 May 2020 |archive-url=https://web.archive.org/web/20200528003901/https://d-nb.info/1138787981/34 |url-status=live }}
| headquarters = Bujumbura
| established = 1966
| president = Édouard Normand Bigendako
| leader_title = Governor
| bank_of = Burundi
| currency = Burundian franc
| currency_iso = ISO 4217
| website = {{URL|https://www.brb.bi/|brb.bi}}
| preceded =
Banque d'Émission du Rwanda et du Burundi
| succeeded =
| footnotes =
}}
The Bank of the Republic of Burundi ({{langx|rn|Ibanki ya Republika y'uBurundi}}, {{langx|fr|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 [http://www.afi-global.org 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{{Cite web|url=http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html|title=Maya Declaration Urges Financial Inclusion for World's Unbanked Populations|last=Inclusion|first=Alliance for Financial|agency=PR Newswire|language=en|access-date=2017-09-07|archive-date=4 October 2011|archive-url=https://web.archive.org/web/20111004080445/http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html|url-status=live}} during the 2011 Global Policy Forum held in Mexico.
The Current governor is Édouard Normand Bigendako.{{Cite web|url=http://www.busiweek.com/index1.php?Ctp=2&pI=5439&pLv=3&srI=67&spI=120|title=EAC bank governors agree to mitigate risks|website=busiweek.com|access-date=2016-09-06|archive-url=https://web.archive.org/web/20171019005028/http://www.busiweek.com/index1.php?Ctp=2&pI=5439&pLv=3&srI=67&spI=120|archive-date=19 October 2017|url-status=usurped}}
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{{Cite book|url = https://babel.hathitrust.org/cgi/pt?id=uc1.c110545539|title = Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991|year = 2003|access-date = 3 May 2020|archive-date = 6 July 2020|archive-url = https://web.archive.org/web/20200706073044/https://babel.hathitrust.org/cgi/pt?id=uc1.c110545539|url-status = live}}
- 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{{cite web |title=Burundian president replaces governor again - Central Banking |url=https://www.centralbanking.com/central-banks/governance/people/7959930/burundian-president-replaces-governor-again |website=www.centralbanking.com |language=en |date=10 October 2023}}
- Édouard Normand Bigendako, 2023–present
See also
References
External links
- {{in lang|fr}} [http://www.brb.bi Banque de la République du Burundi]
{{Central banks by country}}
{{Authority control}}
Category:Banks established in 1966
Category:1966 establishments in Burundi
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