Rwandan franc: Facts, Discussion Forum, and Encyclopedia Article

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Rwandan franc

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	Topics Rwandan franc Topic Home History The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo francCongolese franc The franc is the currency of the Democratic Republic of Congo. ... replaced the German East African rupieGerman East African rupie The rupie was the currency of German East Africa from 1890 to 1916.... . Rwanda used the currency of Belgian Congo until 1960, when the Rwanda and Burundi francRwanda and Burundi franc The franc was a currency issued for the two Belgian Mandate Territories of Rwanda and Burundi between 1960 and 1964.... was introduced. Rwanda began issuing its own francs in 1964. There are plans to introduce a common currency, a new East African shillingEast African shilling The East African Shilling was a currency issued for use in Kenya, British Somaliland, Italian Somaliland, Tanzania, Uganda a... , for the five member states of the East African CommunityEast African Community East African Community\|-\| colspan=2 \|... by the end of 2009. Coins In 1964, coins were introduced for 1, 5 and 10 francs, with the 1 and 10 francs in cupronickelCupronickel Overview Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese.... and the 5 francs in bronze. In 1969, aluminium 1 franc coins were introduced, followed in 1970 by ½ and 2 francs also in aluminium. A reduced sized copper -nickel 10 franc coin was issued in 1974. Brass 20 and 50 francs were introduced in 1977. New coins were issued in 2004 (dated 2003) for 1 franc - 98% Aluminium, 2% MagnesiumMagnesium Magnesium is the chemical element in the periodic table that has the symbol Mg and atomic number 12 and an atomic mass... 5 francs - Bronze 10 francs - Bronze 20 francs - NickelFacts About Nickel Nickel is a metallic chemical element in the periodic table that has the symbol Ni and atomic number 28.... -plated steelSteel Steel is a metal alloy whose major component is iron, with carbon content between 0.02% and 1.7% by weight.... 50 francs - Nickel-plated steel Historical exchange rates Rwandan francs per US dollar:[https://www.cia.gov/library/publications/the-world-factbook/geos/rw.html] 262.20 (1995), 585 (2007) 393.44 (2000) 574.62 (2004) 610 (2005) 560 (2006) 553 (2007) See also Economy of RwandaEconomy of Rwanda Rwanda is a rural country with about 90% of the population engaged in agriculture.... External links