03-18-2020 ■ Prosper Ngendanganya, Director of Supervision, Financial Stability and Inclusion at Burundi Central Bank –BRB says the decision has been taken to supervise all movement of foreign currency exchange in Burundi. “All foreign instant transfers including operations done through Western union and MoneyGram will be operated in Burundian francs,” he (...)

09-27-2017 ■ Foreign currencies continue to rise in price on the black market. Small importers say the lack of the former hampers their commercial activities. “Foreign currencies are increasingly becoming scarce and their price is constantly climbing as a consequence,” says Christophe Niyongabo, a shoe salesman. Today, a US dollar is (...)

06-16-2017 ■ NGOs have been obliged to open their foreign currency accounts at the Burundi Central Bank (BRB) since last April. Some of them and individuals receive transfer of funds via Rwandan and Congolese banks. “Following the decision of the bank of the Republic of Burundi, we created an account at (...)