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The BNR celebrates its 60 anniversary

The Central Bank of Rwanda, BNR (Banque Nationale du Rwanda), celebrates its 60th anniversary emphasizing that especially in the last 30 years, this bank has played an important role in building the stability of the financial sector and changing the lives of the people.

It is a long journey in April 1964, the Central Bank of Rwanda was establishing roots to replace the one established by the Belgian colonialists that connected Rwanda and Burundi (Banque d’emission Rwanda-Burundi).

BNR was built with the aim of developing the financial sector and building a stable value of the Rwandan currency at that time.

However, 30 years after the Genocide against the Tutsi, this sector has shown integrity and self-reconstruction based on the way they have chosen to learn and understand their goals to build stability in the financial sector.

The Governor of the National Bank, John Rwangomba, points out that this has not only contributed to the development of the financial sector, but has also contributed to the development of the people themselves.

Experienced in finance and economics, Dr. Donald Kaberuka points out that this is an important lesson that many African countries should learn in order to free themselves from the shackles of always relying on foreign aid.

This continuity has been restored, it is confirmed by the figures shown by BNR, where in 2006 the money managed by the Central Bank estimated at more than 500 billion, and now it has reached more than 10,000 billion in the year 2023, where it also managed to put on the line price growth on the market at a rate of 5.6% between 2006 and 2020.

The head of Africa in the International Monetary Fund (IMF), Abebe Selassie, has identified technology in financial services as one of the areas that should be taken into account on the African continent, which still faces many challenges related to the lack of these services.

The Deputy Director of the World Bank for Eastern and Southern Africa, Victoria Kwakwa, highlighted the progress made in putting women at the forefront of the services provided by financial institutions as one of the most commendable in these 60 years.

The emphasis of the Prime Minister, Dr. Edouard Ngirente, pointed out that the financial system has played a significant role in the development and well-being of the people in general.

In this ceremony to celebrate the 60th anniversary of the Central Bank of Rwanda, there were talks that brought together leaders in the central government, financial services from around the African continent and beyond. and those in the investment sector.

Gaston Rwaka 

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