The Banque de la République du Burundi has issued new banknotes of 5,000 (BIF5,000.6) and 10,000 francs (BIF10,000.3) as of today.

There was  scarcity of current banknotes in the market, which was linked to hoarding of cash by tax evaders. Thus the BRB decided to issue new notes, demonetize the current ones of 5,000 (BIF5,000.4) and 10,000 francs (BIF10,000.3) of 2015-18 types which will become worthless after 10 days!!!  These can only be deposited to bank accounts during these ten days. After this date the Banque de la Republique du Burundi will not redeem them.

The new notes are dated 07-11-2022 (7 November 2022), and their design is the same of the previous series, with colors changed to light purple and ochre instead of blue in the 5,000 francs, and rose instead of yellow and brown in those of 10,000 francs.

Older notes of 5,000 (BIF5,000.4) and 10,000 francs (BIF10,000.1) which were previously redeemable will also lose all value by 17 June 2023.

Source: Banque de la République du Burundi.


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