Printing of new bank notes to be delayed

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The National Bank of Rwanda (BNR) has to wait longer for the firm, which was awarded currency-printing contract to deliver new banknotes. On August 21 last year, the government opened the bidding process for design and printing of new banknotes to seven European firms. According to the bidding documents from the central bank, the ultimate winners of the contract had to deliver new banknotes by the end of July this year but the delivery is yet to be made.  The reasons for the delayed delivery of the new banknotes to government by the supplier are yet to be known. The BNR is now in advanced stage of printing new notes of Rwf2000 and Rwf5000 notes…

Man arrested for currency counterfeiting

Man arrested for currency counterfeiting

Gasabo district Bamuteze Levis, 36, resident of Kimironko sector in Gasabo District was arrested on Saturday after he was found with fake money amounting to Rwf66, 000 , all in 2, 000 denominations. He is currently being held at Remera Police Station. It all started when Bamuteze paid a phone technician after repairing his handset, but the latter realized that the notes are fake. According to police, investigations are still going on to see if there are other people working with Bamuteze in this illegal act. The Gasabo District Police Commander, Chief Superintendent Tom Murangira, has warned the public against involving themselves in such counterfeit activities and said that it won’t take long before they…

Rwanda | Gatsibo: financial institutions to strengthen their security

Gatsibo financial institutions to strengthen

Members of Savings and Credit Cooperatives (SACCOS) in sectors of Gatsibo district demand that cooperatives be strengthened for reliable security of their money after being aware that their money are not very secure.    This issue was discussed on Thursday the 3rd.Jan.2013 in the mee6ting that was meant to encourage SACCO members in Gatsibo sector to actively work with different financial institutions in 2013. The district administration with the support of security levels assured local people that the security of SACCOs will be highly maintained. The vice mayor for economic development Isaie Habarurema said that the insecurity issue in SACCOs is usually common in SACCOs that work extra hours and this problem is going to be…

Rwanda : Money transfer high charges no longer a problem in Rwanda- Central Bank

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 Rwanda Central Bank has challenged a report that United Nations Conference on Trade and Development (UNCTAD)  released, which indicates that costs in LDCs are as high as 20 per cent of the amount transferred which is about a third more than the global average.  Ambassador Claver Gatete, the Rwanda Central Bank Governor did not rule out the concern in the region but insists it is not the case in Rwanda. The UNCTAD report titled “Harnessing Remittances and Diaspora Knowledge to build Productive Capacities” was released earlier this week and raises concerns of high remittances costs over the whole African continent and especially in this East African region where Rwanda belongs. The report says; “Remittances are…

Rwanda : Abakozi ba SACCO n’abaturage bazigana bitondere amafaranga y’amahimbano-Mayor wa Rwamagana

Arasaba abatuye Akarere ayoboye kwitondera amafaranga y’amahimbano

Umuyobozi w’Akarere ka Rwamagana, bwana Uwimana Nehemie arasaba abakozi ba SACCO ndetse n’abaturage bakoresha ibi bigo by’imari bya SACCO mu kubitsa, kubikuza no kuzigama kwitondera amafaranga menshi y’amakorano amaze iminsi atahurwa mu Karere ka Rwamagana. Bwana Uwimana Nehemie yatumye Abanyamabanga Nshingwabikorwa b’Imirenge ya Rwamagana gutanga ubutumwa mu baturage b’Akarere bose, bakabasaba kuba maso bakajya bitegereza amafaranga y’inoti abageze mu ntoki yose. Uyu muyobozi wa Rwamagana ati “Mushishikarize abaturage bacu bose kuba maso bagenzure inoti bahawe zose, cyane cyane iz’amafaranga 2000 na 1000 kuko izo bakora zenda gusa neza n’izisanzwe.” Muri icyi cyumweru i Rwamagana hamaze gutahurwa amafaranga y’amakorano asaga ibihumbi 820, bamwe mu bafashwe bakaba bavuga ko hari n’andi menshi bakeka kubo bafatanyaga icyaha n’abo…

Bishoboka ko ibiciro bizazamuka mu minsi mikuru y impera z uyu mwaka

Birasanzwe ko mu mpera z’umwaka ibiciro bizamuka kubera ko usanga benshi bagerageza kubika udufaranga kugira ngo mu minsi mikuru ya Noheli n’Ubunani bazashobore kurya neza bishimane n’inshuti n’abavandimwe. Ikindi kandi n’iyo minsi mikuru irangwa n’ibirori bihambaye aho usanga henshi bateka ibyo batari basanzwe bateka maze bakanatumira abantu benshi. Ariko se ibyo byose ko bitari byaza, kuki muri iyi minsi harimo kugaragara izamuka ry’ibiciro ryaba ryaratangiye iminsi mikuru isoza umwaka itaragera? Twanyarukiye hirya no hino mu mujyi wa Kigali maze twegera abacuruzi bo muri karitsiye tubabaza uko ibiciro by’ibyo bacuruza bihagaze: Umufuka w’amakara n’ubwo utagura kimwe hose, aho waguraga amafaranga y’u Rwanda hagati ya 5000 na 5500 mu ntangiriro z’umwaka umaze kugera ku mafaranga 7500. Biratangaje…