Timeline

• 1927-1952
• Common currency area of Belgian Congo and Rwanda-Burundi:
  - 10.10.1927: Agreement between the Belgian colonial government and the Bank of Belgian Congo on a 25-years exclusive issuing privilege for paper money in the Congo colony, including the Rwanda-Burundi mandate territories; effective 01.07.1927 (retroactive).
• 1952-1960
• Monetary union of Belgian Congo and Rwanda-Burundi:
  - 30.07.1951: Royal Belgian decree on the creation of the Central Bank of Belgian Congo and Rwanda-Urundi as successor to the Bank of Belgian Congo; effective 01.07.1952 (retroactive)
  - 01.07.1952: First issue of the new currency for the monetary union, the currency of Belgian Congo remained valid.

Timeline

• 15.09.1960
• Royal Belgian decree (legislating an emergency decree of 02.09.1960) on the creation of the "Currency Bank of Rwanda and Burundi" and the creation of the common currency after the independence of Congo (Kinshasa) on 30.06.1960; effective upon constitution of the bank (in Bujumbura) on 22.09.1960
• 22.09.1960
• Start of currency exchange:
  - 22.09.1960: Start of issuance of the new banknotes:
  - Per household, a maximum of 800 Congo-Rwanda-Urundi Francs was exchanged on par into new banknotes, exceeding amounts were registered and paid out when sufficient banknotes were available
  - 30.09.1960: Demonetization of the currencies of the Congo-Rwanda-Urundi monetary union.
• 31.12.1963
• Expiration of the Rwanda-Burundi monetary union (after termination by Rwanda in December 1963)

Valuation Regimes

• 1960-1964
• Fixed rate against Belgian Franc

Timeline

• 09.04.1964
• Law (provisional) on the establishment of the "Bank of the Kingdom of Burundi" and the creation of a national currency; effective upon constitution of the bank on 19.05.1964
  - 21.01.1965: Law on the revision and amendment of the 1964 law; effective 19.05.1964 (retroactive).
  - 28.04.1967: Ordinance [No. 60/1] on the name change to "Bank of the Republic of Burundi"; effective immediately.
• 01.01.1964
• Start of currency exchange:
  - early 1964: Start of issuance of overprinted banknotes of the Rwanda-Burundi monetary union
  - 31.01.1964: Demonetization of the Rwanda-Burundi notes without overprint "Burundi" (?)
  - 01.10.1964: Start of issuance of the new banknotes (a subsidiary coin followed in 1965)
  - 31.12.1965: Demonetization of the overprinted Rwanda-Burundi banknotes.

Valuation Regimes

• 1964-1965
• Fixed rate against Belgian Franc
• 1965-1983
• Fixed rate against US Dollar
• 1983-1992
• Fixed rate against IMF Special Drawing Rights (SDR) unit
• 1992-
• Variable rate