Rwanda Currency

Travelling to or living in Rwanda? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.

Use the GoCard in Rwanda

Open a UK bank account with us and get a GoCard for smarter spending in Rwanda. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.

What is the currency in Rwanda?

The official currency of Rwanda is the Rwandan franc

The franc replaced the Belgian Congo franc in 1964 and is issued by the National Bank of Rwanda.

RWF, FRw

Banknotes

FRw500

FRw1,000

FRw2,000

FRw5,000

FRw10,000

FRw20,000

Coins

FRw1

FRw5

FRw10

FRw50

How to spend money in Rwanda

Cash is widely used in markets, taxis, and rural areas. Credit and debit cards are accepted in Kigali and larger towns, mainly in hotels, restaurants, and supermarkets. Mobile payments like MTN Mobile Money are popular. ATMs are mainly in cities.

  • Tip: Always pay in the local currency to get the best exchange rate and avoid extra conversion charges.

Tips for exchanging money in Rwanda

Exchange at banks or licensed bureaux for fair rates.

Avoid airport kiosks and informal vendors.

Always pay in francs to avoid conversion fees.

Keep small notes for local transport and markets.

With TransferGo, you can send RWF directly to Rwandan accounts or use your GoCard for online payments and ATM withdrawals.

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Frequently asked questions

What is the official currency used in Rwanda?

Rwandan franc (RWF).

What is the official currency used in Rwanda?

Symbol: FRw | Code: RWF

Can I use my home currency in Rwanda?

Rarely; francs are required.

How can I use my GoCard in Rwanda?

Just activate it in the app and start spending—online or in stores.

Is it better to use cash or card when spending in Rwanda?

Cash is preferred outside cities; cards work in urban areas.

Are credit or debit cards widely accepted in Rwanda?

In Kigali and tourist areas, yes.

Are there ATMs available in Rwanda, and are there withdrawal limits?

Yes, mainly in cities; limits vary.

Can I use a GoCard in Rwanda?

Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.