Rwanda Franc Hits Record Low

13 January 2014

The rwanda Franc has hit a record low, with some commercial banks quoting it at 666.1/700.9 to the dollar. The francs problems started mid-July last year when it reached a low of 655/660 on July 21 last year.

Dealers have attributed the local unit's woes to high demand for greenback. This despite central bank saying late last year that pressure on the unit would ease after the Chrismas and New Year festive season.

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