Burundi’s Central Bank Warns Against Misuse of Banknotes

The Bank of the Republic of Burundi (BRB) has expressed concern over the growing misuse of Burundian banknotes, particularly their use as decoration at events and public gatherings, warning that such practices damage the country’s currency and image.

In a public statement issued this week, the central bank said it has observed “with dismay” cases where Burundian currency is being used improperly, leading to premature wear and degradation of banknotes. The BRB described the practice as a form of disrespect toward national monetary symbols and a threat to the durability of the country’s cash supply.

“As the authority responsible for monetary issuance in Burundi, the Bank wishes to remind the public that the nation’s banknotes and coins are public property,” the statement said. The bank emphasized that producing and maintaining the circulation of currency comes at a high cost, making its proper handling vital for economic transactions and public trust.

The BRB urged citizens to handle banknotes and coins carefully and respectfully to preserve their lifespan and appearance. It also warned that anyone caught misusing currency could face penalties under Burundi’s penal code.

“The Bank of the Republic of Burundi takes this opportunity to warn that any person found guilty of such misuse will be punished according to applicable laws,” the statement read.

Reactions among citizens were divided. “It’s right for the bank to protect our money — people should respect the value of our currency,” said Aimé Nshimirimana, a university student in Bujumbura. But others questioned the measure. “It’s not that the money is damaged,” said event organiser who did not want her name revealed. “When we use notes for decoration, we handle them safely and return them to circulation afterward. There are bigger issues to focus on, like inflation and access to cash.”

The central bank further called on the public to report any cases of misuse to relevant authorities, including administrative, police, or judicial bodies, in order to safeguard the integrity and presentation of Burundian currency.

TOP STORIES

Burundi cuts reliance on Central Bank financing as debt and inflation ease

Burundi has halted direct central bank financing of government...

Burundi’s young workers are heading to the Gulf, leaving families behind in search of a better life

As Kenya Airways flight from Bujumbura prepared for departure...

EAC bets on AI to create jobs and build homegrown startups

East African leaders are stepping up efforts to position...

IMF pushes Burundi toward currency reform as Franc remains overvalued

The International Monetary Fund has urged Burundi to accelerate...

Blood drive and free screenings put community health at the Center of Olivia University Cultural Week

Amid the cultural performances, academic exhibitions and talent competitions...

Members of Burundi’s Provincial Electoral Commissions sworn in as preparations for 2027 vote gather pace

Fifty-two members of Burundi’s Independent Provincial Electoral Commissions (CEPI)...

EAC bets on AI to create jobs and build homegrown startups

East African leaders are stepping up efforts to position...

East Africa presses ahead with EACOP as construction passes 80%

Construction of the East African Crude Oil Pipeline (EACOP),...

Burundi cuts reliance on Central Bank financing as debt and inflation ease

Burundi has halted direct central bank financing of government...

IMF pushes Burundi toward currency reform as Franc remains overvalued

The International Monetary Fund has urged Burundi to accelerate...

Related Articles

Popular Categories