History The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie.

The franc was introduced at par with the French franc.

Decolonizing the Franc Zone

The franc is the currency of French Polynesia.

Another devaluation of the CFA franc today might deflate France s debts to the franc zone and boost its African based export industries, but it would worsen the franc zone countries miseries.

Even Switzerland is intervening to weaken the franc.

General information

Republic

History The franc became the currency of Burundi in 1916, when Belgium occupied the former Germany colony and replaced the German East African rupie with the Belgian Congo franc.

Since 1945, it has been part of the CFP franc.

Against Rwanda

Rwanda, Uganda.

But the franc zone countries did not fare nearly so well.

Now he considers it the best currency in the world.

The franc zone s plight is being compounded by distorted and dysfunctional economic and monetary policies.

Swiss Francs by Flickr user Jim (CC BY NC SA 2.0).

In 1999, the Euro was introduced to replace the French franc.

The franc zone is, in fact, an appendage of the French economy.

Against Rwanda, Uganda

Egypt, Rwanda, Uganda.

More appalling is the fact that France guarantees the CFA franc s free convertibility into hard currency, originally on the condition that all 15 Franc Zone countries surrender 100 of their foreign reserves to the French Treasury.

Judgements are broadcast live in Rwanda by means of a telephone link to Radio Rwanda.

United Nations Observer Mission Uganda Rwanda and United Nations Assistance Mission for Rwanda

United Nations Observer Mission Uganda Rwanda and United Nations Assistance Mission for Rwanda

This gap should encourage the franc zone s member countries to reject their relationship with France.

The CFA franc issued by two sub regional central banks (BCEAO and BEAC) are not interchangeable.

It was the largest plunge of the franc ever against the euro.

On January 1, 2008, the franc was valued at 1,129.40 per US dollar.

It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.

From the end of World War II until the adoption of the euro, France devalued its own franc 14 times in order to bolster competiveness and exports, with the CFA franc devalued along with it each time.

Against Egypt, Rwanda, Uganda

Learning from Rwanda

Philippines and Rwanda draft resolution

Eastern Europe

Sylvie KAYITESI ZAINABO (Rwanda)

The Rwandan Government therefore welcomes the transfer of 45 investigation files from the ICTR to Rwanda.

The second way implies a thorough overhaul of the system. This would entail pegging the CFA franc not only to the euro, but also to a basket of other currencies, abolishing the fixed exchange rate and the CFA franc s convertibility, and fast tracking economic integration.

Rwanda has experienced both.

Encourage the Transitional Government to engage FDLR and urge it to disarm and repatriate to Rwanda.

Only during the period when Burundi used the Belgian Congo franc were centime coins issued.

In 1996, before Rwanda had reached an appropriate level of stability, around 500,000 refugees were returned to Rwanda from Zaire.

But France s woes are also being felt far beyond its borders, sparking rumors of a possible devaluation of the CFA franc, the common currency of the franc zone, which comprises 14 African countries and the Comoros Islands in the Indian Ocean.

Bill Clinton on rebuilding Rwanda

Abstaining Australia, Honduras, Nauru, Rwanda, Tonga

Abstaining Honduras, Papua New Guinea, Rwanda