TOP STORY: Rwf100 bank note to cease being a legal tender

The Rwf100 bank note was issued by the BNR in 2003 The National Bank of Rwanda (BNR) has announced that the Rwf100 note will cease to be legal tender starting December 31, 2009. The central bank has also called upon the pubic to exchange them with any other legally accepted notes and coins. The announcement means that the Rwf100 bank notes will no longer be accepted in payment or settlement of debts after the said date.
The old Rwf100 that will cease being legal tender by end of this year. (Photo/ J.Mbanda).
The old Rwf100 that will cease being legal tender by end of this year. (Photo/ J.Mbanda).

The Rwf100 bank note was issued by the BNR in 2003

The National Bank of Rwanda (BNR) has announced that the Rwf100 note will cease to be legal tender starting December 31, 2009. The central bank has also called upon the pubic to exchange them with any other legally accepted notes and coins.

The announcement means that the Rwf100 bank notes will no longer be accepted in payment or settlement of debts after the said date.

Asked if this would affect the economy in anyway, Francois Kanimba, the BNR Governor said, “I don’t think so.”

Kanimba said that the Rwf100 notes currently in circulation are very old and that the central bank has even stopped issuing them to the public.

The Rwf100 bank note was issued by the BNR in 2003. But last year BNR introduced a bimetallic Rwf100 coin.

“The National bank of Rwanda asks the holders to exchange them (Rwf100 notes) through their (holders’) bank counters or at its own counters before the said date,” a notice by BNR says.

The Rwandan franc, denoted by the ISO code RWF, is the legal tender used in the country.

Bank notes are in denominations of Rwf5000, Rwf2,000, Rwf1,000, Rwf500 and Rwf100. Coins are in denominations of Rwf100, Rwf50, Rwf20, Rwf10, Rwf5, Rwf2 and Rwf1.

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