Regulatory Alerts2024-09-01
Statutes of the Bank of the Republic of Burundi
The President of the Republic of Burundi promulgated Law No. 1/34 of December 2, 2008 to establish the Statutes of the Bank of the Republic of Burundi (BRB), defining its legal status, capital, independence, and governance structure. The law mandates the BRB to pursue price stability as its primary objective while executing core missions including monetary policy formulation, foreign exchange reserve management, prudential supervision of financial institutions, and operation of national payment systems. It further establishes the Bank's regulatory powers, financial operations, exceptional assistance mechanisms, and exclusive monetary emission privileges to ensure macroeconomic stability and sound financial system development.
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