The Rwandan franc depreciated by 9.68 percent in the 2024/2025 financial year against the US dollar, a marked improvement from the 12.59 percent recorded the previous year, according to the central bank.
The National Bank of Rwanda attributed the moderation in depreciation to an improved trade deficit, domestic foreign exchange market reforms aimed at curbing malpractices, and a broader weakening of the US dollar in global markets.
