DÉCRET - LOI N° 06/81 DU 16 FÉVRIER 1981 POR TANT RÉORGANISATION DE LA BANQUE NATIONALE DU RWANDA. — Rwanda law | Esheria

DÉCRET - LOI N° 06/81 DU 16 FÉVRIER 1981 POR TANT RÉORGANISATION DE LA BANQUE NATIONALE DU RWANDA.

The National Bank of Rwanda is a public institution with legal personality and administrative and financial autonomy, and it may contract, sue or be sued, acquire property, own or possess it, and dispose of it.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Decree law
Status
Not in force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
account management accounting review advances annual reporting asset limits asset management bank accounts bank staff conduct bank supervision banking banking operations banking reserves banking supervision board compensation board composition board governance board meetings board powers board roles branch establishment branch management budgeting business location capital +125 more

Statute overview

About this statute

The National Bank of Rwanda is a public institution with legal personality and administrative and financial autonomy, and it may contract, sue or be sued, acquire property, own or possess it, and dispose of it. The Bank’s seat is fixed in Kigali, and it may establish branches in Rwanda and appoint correspondents or representatives where it considers useful, in Rwanda or abroad. The Bank is treated as a merchant for dealings with third parties and must follow commercial law, except where this decree-law provides otherwise. The Bank must formulate monetary, credit, and foreign exchange policy, and must help maintain the internal and external stability of the currency. The Bank’s dissolution may only be pronounced by a law setting out how the liquidation will be carried out.