The Rwandan Franc (RWF) has been Rwanda's official currency since the early 1960s, regulated by the National Bank of Rwanda (Banque Nationale du Rwanda). Its value is influenced by economic conditions and global market forces, resulting in fluctuations against other major currencies. In recent history, the exchange rate has been approximately 900 RWF to 1 USD. While the Rwandan Franc is commonly used domestically, it can be traded on international foreign exchange markets. There are no current plans for Rwanda to adopt a foreign currency, as the country remains committed to the Rwandan Franc.