The Rwanda franc (RWF) is the official currency of the East African country of Rwanda. It has been the currency of Rwanda since the colonial period. The Rwanda franc is subdivided into 100 centimes. The symbol for the franc is "FRw" or "RF".The National Bank of Rwanda, which is the country's central bank, is responsible for issuing and managing the Rwanda franc. The bank also sets monetary policy and ensures the stability of the currency.The Rwanda Franc, like many other currencies from Sub-Saharan Africa, has been through a lot of volatility, mostly due to the country's history of civil wars and political instability, as well as fluctuations in commodity prices, which are the main exports of Rwanda.The Rwanda Franc is often quoted and traded along with other currencies from the region, such as the Ugandan shilling, Kenyan shilling, and the Tanzanian shilling.It's worth noting that Rwanda is not part of the East African Community Monetary Union (EACMU) and thus there is no plans of adopting the East African shilling as its official currency.The currency code for the Rwanda franc is RWF, it is the official code used by the ISO 4217 standard. The code is often used when dealing with financial and banking transactions involving the Rwanda franc, such as currency exchanges, wire transfers, and other types of electronic transactions.
