Rwanda Currency

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Rwanda Currency

Useful and important information when travelling to Rwanda

What is Rwanda's Currency called?

Rwanda's currency is called Francs. Banknotes are in denominations of 500, 1000, 2000 and 5000 Francs. Coins are subdivided into 100 centimes with denominations of 1, 2, 5, 10, 20, 50 and 100 Francs.

Rwandan Francs Currency Code: RWF

"Rwf" - This is the symbol you'll see alongside (some) prices / rates

Can you pay or use US Dollar (USD) in Rwanda?

Yes, the US Dollar (USD) is widely accepted by many local businesses and Accommodation Lodges in Rwanda however it's also wise to carry a sufficient amount of local Francs for those smaller businesses who prefer or deal only with their local currency.

You will notice that most Accommodation Lodges in Rwanda quote their rates in the US Dollar currency (USD)

Currency Conversion Services:

Travellers to Rwanda can convert the South African Rand, US dollar, British Pound and Euro currencies into Franc at bureaux de change and banks in Kigali.

Credit Cards & ATMS:

MasterCard and foreign Visa cards are accepted by most hotels, restaurants, retail outlets & tour operators, and can be used to draw money out of ATMs found in Rwanda's larger towns & cities (mainly Kigali). If you are travelling to a rural or remote location in Rwanda then keep in mind that some shops and fuel stations can only accept cash, and may not have any ATMS to draw money out of - therefore cash in hand is very important. Note: Diners or American Express credit cards aren't accepted by most businesses in Rwanda.

Commercial Banks:

There are 11 commercial banks in Rwanda:

  • Bank of Kigali
  • I&M Bank (Rwanda)
  • Compagnie Générale de Banque (Cogebanque)
  • Kenya Commercial Bank
  • Ecobank Rwanda
  • Banque Populaire du Rwanda SA (Part of Atlas Mara)
  • Commercial Bank of Africa (Rwanda)
  • Equity Bank (Rwanda)
  • Access Bank (Rwanda) Limited
  • Guaranty Trust Bank (Rwanda)
  • Bank of Africa Rwanda Limited

Banking Hours:

This may vary depending on the bank but operating hours are generally from:

08:00am → 12:00pm / 2:00pm → 5:00pm from Monday - Friday
08:00am → 12:00pm on Saturdays.

Money Saving Tip:

A lot of hotels, lodges and tour operators in Rwanda quote in US dollars but keep an eye out for related services quoting in Franc because you might find yourself saving money paying in Rwanda's local currency as opposed to the monetary exchange rate loss from RWF-USD conversions.

Cash in Hand:

When travelling to Rwanda via vehicle, make sure you carry a sufficient amount of cash in Rwanda's local currency for border fees because not all border posts accept credit cards nor have the facilities to do an electronic transaction as such. Most border posts accept currencies from the country you're entering from however kindly contact the border authorities directly to confirm.

Rwanda Exchange Rate Calculator:

Terms & Conditions:

http://www.rwandaaccommodation.africa cannot be held liable for any change in exchange rates and information above.

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