| Q-01 | What
is the procedure for importation ? |
| |
For the answer
click here 
|
| Q-02 | What
are the rules for a DIP (Déclaration d'Importation et de Paiement) ? |
| |
For the answer
click here
|
| Q-03 | What
are the rules for export ? |
|
| 
All the export and of re-exportation declarations are aimed by the banks according
to the General Regulation of the exchange control.
In case of temporary export of vehicles, besides the usual documents, the approved
Bank will have to ask for the registration card and the yellow card of COMESA
insurance, if necessary.
The repatriation of the product of the exports or the paid re-exportations has
to be made for the periods at the risk of statutory penalties impose on the failing
exporter.
The continuation of export customs entries and re-exportation is also within the
competence of approved banks.
The income in currencies bound to the export of the coffee, the tea and the cotton
must be given up to the BRB at the level of 50 %.
Also, assets in currencies of Banks exceeding 10 % of stockholders' equity must
be also given up to the BRB.
|
| Q-04 | What
are the rules for exchange rates to make a transfer ? |
| |
For the answer click
here
|
| Q-05 | What
are the criterias to open an exchange bureau ? |
| |
 The
opening of a foreign exchange office requires beforehand the approval of this
last one by the BRB which delivers for that purpose a licence of operation.
Any foreign exchange
office has to open and hold in its name an account with an approved bank.
The foreign exchange
office can buy and sell currencies in bank notes, in traveller cheques at freely
negotiated rates.
The foreign exchange office has to pass on in the BRB a weekly report of its purchases
and sales of currencies as well as its position of exchange.
|
| Q-06 | What
is the SWIFT? |
| |
For the answer click
here
|
| Q-07 | What
is the IBAN? |
| |
For the answer click
here
|
| Q-08 | what
is the BBAN? |
| |
The number BBAN (BASIC Bank Account Number) represent
the standardized number in a bank or a country. Here in Burundi,The number BBAN
is structured this way BBB-NNNNNNN-CC .
- BBB represent the bank's code defined
by BRB.
--- For BCB , " 201 ", " 202 ", " 203 ", …
--- For BANCOBU "
301 " …,
--- For Banque Populaire " 600 ",
--- For IBB " 701 ",
---
For BGF " 800 ",
--- etc.
- NNNNNNN represent the account number of the
information system of the Bank.
- CC is an operation which verify if the
account number is correct, It shows the rest of the division by " 97 " of the
number " BBBNNNNNNN " (its called modulo 97) . In Burundi the account number was
standardized by a proposition in1987 but wasn't followed up by all the banks.
Today this structure is applied by BCB, BBCI, BANCOBU and IBB. Most of the other
banks uses a similar control principle (modulo 97) but most of the time with more
numbers.The norm used in Burundi is similar to the one used in Belgium, Congo
and Rwanda.
|
| Q-09 | What
are the structures of the accounts in the banks in Burundi? |
| | |
| Q-10 | What
is the RIB? |
| | RIB
is used in France and in both CFA zones, it is compulsory in these countries and
all the banks have to conform to it. This structure consists as follows :
EEEEE GGGGG NNNNNNNNNNNN RR where :
-EEEEE corresponds to the establishment
code
- GGGGG corresponds to the counter code for this establishment
-
NNN…NN corresponds to the account number in the information system of the bank,
in France he is 11 characters and in the countries of CFA zones he is in 12 characters.
- RR is a figure controls whose formula is RR = (97 - modulo 97 of (100 x " EEEEEGGGGGNN
… NN)) RIB account number can contain letters, these letters will beforehand be
transformed into figures according to the code HOLLERITH :
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