Banque Nationale du Rwanda definition

Banque Nationale du Rwanda. (National Bank of Rwanda) or “BNR” means the Recipient’s Central Bank, established on April 26, 1964 and operating pursuant to the Recipient’s Law No. 11/97 of July 26, 1997 as amended till the date of this Agreement;
Banque Nationale du Rwanda means the Borrower’s Central Bank, established and operating pursuant to the Borrower’s Law of April 24, 1964, as amended to the date of this Agreement (“BNR Statutes”);
Banque Nationale du Rwanda or “National Bank of Rwanda” means the central bank of the Recipient, established and operating pursuant to the Recipient’s Law No. 55/2007 of July 30, 2007.

Examples of Banque Nationale du Rwanda in a sentence

  • Exporters had to repatriate currency generated by the sale of exports as a legal requirement, and export licenses were authorized only by the Banque Nationale du Rwanda (BNR).

  • Lorsqu’il n’y a pas de taux de change applicable pour la devise en question par la Banque Nationale du Rwanda, le taux doit être calculé sur base du taux de la Banque Nationale du Rwanda pour le Dollar Américain, et un cours croisé publié pour la devise en question par rapport au Dollar Américain.

  • To provide more liquidity to the banking sector, the National Bank of Rwanda (Banque Nationale du Rwanda, BNR) lowered its rate from 5 percent to 4.5 percent, the Reserve Ratio from 5 percent to 4 percent, introduced an Extended Lending Facility of RWF 50 billion (US$51 million) for banks and extended the tenor from overnight to 3, 6 and 12 months.

  • Regarding the operating costs of the CTM, which are part of the project cost, both Governments have agreed to open a single special foreign exchange account at the Banque Nationale du Rwanda (National Bank of Rwanda) in the name of the project into which the share of grant resources relating to the functioning of the CTM will be deposited.

  • La Banque Nationale du Rwanda fournit à l’Administration fiscale et au Trésorier de l’Etat un relevé journalier du montant de monnaie et de titres logés dans ce compte.

  • Replacement checks are subject to a twenty-dollar ($20.00) fee for stop payment and re-issue.

  • According to the Banque Nationale du Rwanda (2002), 75 per cent of all business transactions are conducted through cash payments, due to the relatively underdeveloped banking system.

  • L’Administration Fiscale doit approvisionner d’un montant suffisant le compte ouvert à la Banque Nationale du Rwanda par le Ministre qui arrête de concert avec cette dernière un taux pour la restitution du surplus de taxes et impôts perçus.

  • The central bank (Banque Nationale du Rwanda) has significant foreign exchange holdings and has a substantial degree of independence.

  • At the macro-economic level, the Department of Treasury’s Office of Technical Assistance works with La Banque Nationale du Rwanda (central bank) to improve the business environment.

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