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One year given to bank debtors to sell their mortgaged property

11-07-2017 The central bank has recently revised the law on banks and included some innovations. Some of them are the protection of consumers of financial services and improved access to credit. Based on daily activities and Burundi integration into the East African community, the Central Bank decided to review some (...)
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Burundi exporters forced to open foreign currency accounts to boost government’s foreign exchange

01-27-2017 The Governor of the Central Bank of Burundi announced on 24 January the repatriation of the foreign currencies resulting from the export of coffee, tea and mineral products. Exporters are concerned about the exchange rate from US$ to Burundi Francs given by the Central Bank. “Exporters will have to (...)
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Non-payment by mortgagors and currency scarcity threaten Burundi financial stability

01-26-2017 On Wednesday 25 January 2017, Roger Guy Gyslain Ntwengeye, Head of the financial Stability Service in Burundi Central Bank-BRB, has presented a report about the financial situation of the country from 2015 to date. The report mentions different threats to financial stability, mainly the non-payment by mortgagors and lack (...)
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Burundi Central Bank wants to ensure the stabilization of the national currency

07-21-2016 In a meeting organized this 20th by the Burundi Central Bank (BRB) with operators, managers or owners of exchange offices, Jean Ciza, the BRB governor states that the non-compliance with money-exchange regulations is the main cause of depreciation of the domestic currency. He recognizes that the situation is bleak (...)