BRB

Economy

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 (...)
Economy

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 (...)
Economy

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 (...)