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50 Francs

Issuer Banque Nationale du Rwanda
Year 1960
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Reference(s) P#2
Obverse description Rose-red note with a central vignette of a recumbent lioness at right, set within a fine-line guilloche border. The upper portion bears the bank title and denomination in large letterpress text, with two manuscript signatures above the serial number at lower left; an overprint stamp is applied over the lioness vignette. The date 01.10.60 appears below the signatures alongside the serial number.
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Reverse description Rose-red reverse composed entirely of intricate guilloche lacework, with two large symmetrical rosette medallions flanking a central floral guilloche motif, all rendered in fine intaglio line-engraving. Numeral '50' appears in each upper corner. The bank title is inscribed in a single line across the lower portion of the note.
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Comments

Rwanda's first banknotes were issued in 1960 under Belgian trusteeship, a year before independence — the Banque Nationale du Rwanda itself was a transitional institution, established to manage the monetary separation from the Banque du Congo Belge et du Ruanda-Urundi. This 50 Francs note belongs to that brief window when Rwanda had a named central bank but not yet a sovereign state.

Thomas De La Rue printed the entire inaugural series. The franc denomination was retained only until 1964, when Rwanda introduced the Rwanda franc to replace the shared Ruanda-Urundi franc at par.

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