LAW N° 55/2007 OF 30/11/2007 GOVERNING THE CENTRAL BANK OF RWANDA | 55/2007 OF 30/11/2007 — Rwanda law | Esheria

LAW N° 55/2007 OF 30/11/2007 GOVERNING THE CENTRAL BANK OF RWANDA

This article names and describes the National Bank of Rwanda and the Rwanda Public Procurement Authority, including the Bank’s legal personality and autonomy.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Act or statute
Citation
55/2007 OF 30/11/2007
Status
Not in force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
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Statute overview

About this statute

This article names and describes the National Bank of Rwanda and the Rwanda Public Procurement Authority, including the Bank’s legal personality and autonomy. The Bank’s capital is set at 7,000,000,000 Rwandan francs, fully subscribed by the Government of Rwanda, and the headquarters is in Kigali. The Bank is treated as commercial in dealings with third parties, but it is not subject to commercial registration or public accounting rules and follows ordinary commercial accounting. RPPA also has listed public procurement responsibilities. The Bank’s headquarters must be in Kigali, and it may move elsewhere in Rwanda, open branches, and have correspondents or representatives in Rwanda or abroad. RPPA also has powers to suspend procurement proceedings, summon information, investigate procuring entities, and seek expert assistance. The Bank must carry out its core missions and operational duties, and RPPA is supervised by the Ministry in charge of public procurement.