A Cabinet meeting chaired by President Paul Kagame, Monday, has endorsed a Presidential Order issuing new banknotes of One Thousand Rwandan Francs (Rwf1000) and Five Hundred Rwandan Francs (Rwf500) as legal tender in Rwanda.
The new banknotes which will be announced by the National Bank of Rwanda (BNR) will be replacing banknotes which were in use since 2015.
The Rwf1000 banknote’s front has a design of National Museum of Rwanda to represent the Government of Rwanda’s effort to promote Rwandan Culture and history; while on the back there is a monkey in the Volcano National Park to represent the Government effort to promote tourism sector.
A design of a flying dove changes colored from green to blue and a bright ring can be seen moving around a central point, replacing the Holographic band on former Rwf1000 banknotes.
The Rwf500 135 x 72mm banknote has a watermark of the coat of arms of the Republic of Rwanda and an electrotype element representing the logo ‘BNR’ below, a blue dominant color.
The move, at the time, was aimed at strengthening the note’s security features.
The Rwandan franc, denoted by the ISO code RWF, is the legal tender used in the country. Banknotes are in denominations of Rwf5000, Rwf2,000, Rwf1,000, Rwf500 and Rwf100.
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