May 06
Rwanda: Rwanda Names 'Sweet Spots' for National Digital Currency
The National Bank of Rwanda (BNR) says it has completed an initial feasibility study that is expected to serve as a basis for deploying its Central Bank Digital Currency (CBDC), a… Read more »
Rwanda: Rwanda's Leap Into Central Bank Digital Currency
Central Bank Digital currencies, which are a digital form of central bank-issued money, are being studied globally for their potential benefits ranging from preserving monetary… Read more »
May 03
Rwanda: Is the Proposed East African Single Currency a Pipe Dream?
Countries in the East African Community (EAC) want to adopt a single currency as part of the broader plans to integrate under a single market, and ultimately one region that trades… Read more »
East Africa: To Achieve Single Currency, EAC Must Move From Words to Action
Members are today, Friday, May 3, concluding a week-long meeting in Juba, South Sudan, which brought together central bankers from the East African Community (EAC) to discuss how… Read more »
April 24
Rwanda: Bitcoin 'Halving' - What Is It, Does It Matter?
Last week on Saturday, April 20, a group of individuals known as miners who are enthusiastic and obsessed about a digital currency called bitcoin gathered for a major event called… Read more »
March 05
Rwanda: Online Forex Trading Regulations in Rwanda - 10 Things to Know
The Capital Market Authority of Rwanda (CMA Rwanda) announced, through a public notice dated March 1, new Regulations for Leveraged Foreign Exchange Trading in Rwanda, which it… Read more »
March 03
Rwanda: Rwanda Moves to Regulate Online Forex Trading
Leveraged foreign exchange trading, commonly known as online forex trading, is now -- for the first time -- regulated in Rwanda following the issuance of relevant regulations, The… Read more »
December 30, 2023
Rwanda: Central Bank Warns Against Pricing Goods, Services in Foreign Currency
Pricing goods and services in foreign currencies is prohibited and punishable by the law, and any culprit will be held accountable, the National Bank of Rwanda (NBR) - the… Read more »
November 28, 2023
Rwanda: Central Bank Governor Speaks Out on Dollar Scarcity, De-Dollarisation Talk
There is no complete lack of the US dollar in Rwanda, but limited availability of the currency has put pressure on the exchange market, while de-dollarisation, or reducing reliance… Read more »
November 27, 2023
Rwanda: Digital Currency Development Process Underway - Central Bank Governor
A scheme to develop a central bank digital currency (CBDC) is underway after a study showed that the currency is needed in the country, the National Bank of Rwanda Governor, John… Read more »
November 24, 2023
Rwanda: Central Bank Warns Against Forex Trade Fraud
John Rwangombwa, the Governor of the National Bank of Rwanda, has issued a warning about the widespread forex trade malpractices that are affecting the country's economy, leading… Read more »
June 21, 2023
East Africa: EALA Passes Motion to Expedite EAC Single Currency
The East African Legislative Assembly (EALA) on Wednesday, June 21, passed, with amendments, the motion to urge the Council of Ministers and partner states to use local currencies… Read more »
May 03, 2023
Rwanda: Central Bank Introduces New Sanctions to Combat Money Laundering
Financial institutions regulated by the Central Bank in Rwanda will face administrative sanctions including losing licenses for financing terrorism, non-compliance with money… Read more »
February 28, 2023
Africa: Africans Lose Least in U.S.$5.9 Billion Global Crypto Scams
African investors may have shared the least percentage of investment scams in cryptocurrency which reached $5.9 billion globally last year, The East African reports. Read more »