Rwanda: Dollar Loans to Shield Coffee Exporters Against Exchange Losses

25 December 2012

In a major policy change, loans to coffee exporters financed by the Development Bank of Rwanda (BRD) will be disbursed in United States of America dollars, bank officials said last week.

According to the director of credit administration, Emmanuel Karuranga, the move is aimed at cushioning exporters against losses resulting from currency conversion that may occur when they change earns from their exports into local currency to settle their Rwandan francs denominated loans.

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