Category: Economy
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Why are Burundians boycotting banking transactions?
President Evariste Ndayishimiye had warned that he was going to transform banknote bundles into paper, and the decision has just been taken: from June 7 to 17, 2023, all 10,000 and 5,000 banknotes are to be changed under conditions tailored to facilitate the objective. The Central Bank’s decision to exchange the 10,000 and 5,000 bills…
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Burundi: OBR unable to collect road fees, turns to OTRACO collaboration
In a letter that the Burundian revenue office, OBR, sent to the Office du Transport en Commun, OTRACO, on December 14, 2022, it asked for its collaboration in collecting road fees. The OBR is asking OTRACO to demand proof of payment of road fees from applicants for technical control services in order to force car…