Rwanda, a landlocked country in East Africa, has its own unique currency known as the Rwandan franc (RWF). The Rwandan franc is the official currency of Rwanda and is denoted by the symbol "Fr" or "RF".

The basic unit of currency in Rwanda is the franc, which is further divided into smaller units called centimes. One franc is equivalent to 100 centimes. However, due to inflation, centime coins are no longer in circulation, and only franc notes are used for transactions in the country.

Since 1964, the National Bank of Rwanda has been responsible for issuing and regulating the Rwandan franc. The bank ensures the stability of the currency and manages the country's monetary policy.

When visiting Rwanda, it is important to exchange your currency for Rwandan francs to be able to make purchases and payments. Currency exchange services are available at various banks, exchange offices, and some hotels in major cities like Kigali, the capital city.

It is advisable to carry smaller denominations of the Rwandan franc for day-to-day transactions, as larger bills may not always be accepted. Credit and debit cards are also widely accepted in major establishments, but it is always useful to have some cash on hand for smaller businesses and in more rural areas.

As with any international travel, it is recommended to check the current exchange rates before your trip to get an idea of the value of the Rwandan franc compared to your home currency.

In conclusion, the basic unit of currency for Rwanda is the Rwandan franc. It is essential to have an understanding of the currency when traveling to Rwanda to ensure smooth financial transactions during your visit. Remember to exchange your currency for Rwandan francs and carry smaller denominations for day-to-day expenses.

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