Definition

Noun: - The basic unit of money in Rwanda: The Rwanda Franc is the official currency of the Republic of Rwanda. It is the standard monetary unit used for all financial transactions within the country.

Usage

The term "Rwanda Franc" is used to refer to the currency itself, its value, or specific amounts of money in Rwanda. - It functions as a countable noun (e.g., francs) when referring to specific amounts. - It is often abbreviated as RWF in financial contexts.

Examples

• Noun:
  • The price for the souvenir was five thousand Rwanda Francs.
  • You can exchange your dollars for Rwanda Francs at the bank.
  • The Rwanda Franc has remained relatively stable this year.

Advanced Usage

• "to be pegged against": While not a phrasal verb of "Rwanda Franc," in economic contexts, one might discuss how the Rwanda Franc performs against other currencies.
  • The Rwanda Franc is not pegged to the US Dollar.

Variants and Related Words

• Franc: A monetary unit used by several nations, historically linked to the former French colonial currency system. The Rwanda Franc is a specific instance of this.
• RWF: The official three-letter currency code (ISO 4217) for the Rwanda Franc, used in banking and international finance.

Synonyms

• Rwandan currency: A more general term for the money used in Rwanda.
• RWF: The official abbreviation, often used as a synonym in written financial documents.

Related Terms (Not Phrasal Verbs)

• Exchange rate: The value of the Rwanda Franc compared to another currency.
  • The exchange rate for the Rwanda Franc to the Euro is favorable for tourists.
• Central Bank: The financial institution that issues the Rwanda Franc (National Bank of Rwanda).
  • The Central Bank regulates the supply of Rwanda Francs.

Noun

1. the basic unit of money in Rwanda