{"id":23448,"date":"2016-02-23T05:12:10","date_gmt":"2016-02-23T05:12:10","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-economy-to-grow-by-6-3-in-2016\/"},"modified":"2016-02-25T01:04:00","modified_gmt":"2016-02-25T01:04:00","slug":"rwanda-economy-to-grow-by-6-3-in-2016","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-economy-to-grow-by-6-3-in-2016\/","title":{"rendered":"Rwanda economy to grow by 6.3% in 2016"},"content":{"rendered":"<p>{The National Bank of Rwanda (BNR) has observed that with the low economic performance and falling of international prices of commodities that Rwanda exports will mean a low pulse of growth. } <\/p>\n<p>The governor of BNR, John Rwangombwa said that banks continue to be among the top of sectors boosting Rwanda\u2019s economy. The later occupies 67% of Rwanda financial markets leaving 17.1% for insurance companies and 6.6% for micro finance institutions.<\/p>\n<p> \u201cRwanda\u2019s economy had a good performance in the first three trimesters of 2015, realizing an increase of 6.1% in the first trimester, 7.1% in the second and 7.6% in the third trimester,\u201d he said.<\/p>\n<p>Economic indices indicate that economic growth reached at 7.0 % in 2015 and in 2016 BNR expects the economic growth at 6.3%.<\/p>\n<p>Devaluation of US dollar to Rwandan franc hit an all time low at 7.6% in 2015 from 3.6% in 2014 while the cost of one dollar rose from Rwf 649.37 to Rwf 747.41.<br \/>\n\u201cIt is the first time Rwanda Franc lost value in such way in the past ten years. <\/p>\n<p>However, the situation is not critical compared to neighboring countries in the region,\u201d he said.<\/p>\n<p> The Euro gained against Rwandan Franc by 3.2% and the British Pound Sterling by 2.8%. Compared to Kenyan and Ugandan shillings Rwandan franc gained weight against Kenya Shilling  by 4.6%, 13.5%to Ugandan shilling. <\/p>\n<figure class=\"spip-document spip-document-10578 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/img_9887-2.jpg\" alt=\" The governor of BNR, John Rwangombwa \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{The National Bank of Rwanda (BNR) has observed that with the low economic performance and falling of international prices of commodities that Rwanda exports will mean a low pulse of growth. } The governor of BNR, John Rwangombwa said that banks continue to be among the top of sectors boosting Rwanda\u2019s economy. The later occupies [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[160],"hashtag":[],"class_list":["post-23448","post","type-post","status-publish","format-standard","hentry","category-economy","tag-homenews","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/23448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=23448"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/23448\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=23448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=23448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=23448"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=23448"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=23448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}