New Foreign Exchange Regulation Now in Effect in Rwanda

On 30 May 2025, the National Bank of Rwanda (BNR) issued Regulation No. 89/2025, introducing key amendments to foreign exchange operations. This update affects businesses, government institutions, and the wider economy by reinforcing the exclusive use of the Rwandan franc in local transactions and tightening enforcement on informal foreign currency use. Read our detailed analysis for insights on prohibited pricing practices, penalties, compliance measures, and what remains allowed under the updated regulation.