The Bank of the Republic of Burundi (, ; BRB) is the central bank of Burundi. The bank was established in 1964 as the Banque du Royaume du Burundi and renamed to its current name in 1966 after the fall of the monarchy and the introduction of the Republic.
Its headquarters are in Bujumbura and it holuhhds offices in Gitega and Rumonge.
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 during the 2011 Global Policy Forum held in Mexico.
In 2019, the BRB started the construction of its new headquarters in Bujumbura, not too far from its current offices. However due to some technical issues, the project has experienced some delays.
The Current governor is Édouard Normand Bigendako.
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 Name of the GovernorTerm of office Took office Left office Bonaventure Kidwingira 1967 1977 Elisee Ntahonikora 1977 1980 Aloys Ntahonkiriye 1980 1986 Isaac Budabuda 1987 1992 Mathias Sinamenye 1992 1998 Grégoire Banyiyezako 1998 2003 Salvator Toyi 2003 2006 Gabriel Ntisezerana 2006 2007 Isaac Bizimana 2007 2007 Gaspard Sindayigaya 2007 2012 Jean Ciza 2012 2022 Dieudonné Murengerantwari 2022 2023 Édouard Normand Bigendako 2023 PresentRAPPORT ANNUEL 2014
See also
Minister of Finance, Budget and Economic Planning (Burundi) Burundian franc Central banks and currencies of Africa Economy of Burundi List of central banks List of companies of Burundi List of financial supervisory authorities by country
References
External links
Banque de la République du Burundi