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500 Francs

Issuer National Bank of Rwanda
Year 2008
Type Standard circulation banknote
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Reverse lettering BANQUE NATIONALE DU RWANDA
NATIONAL BANK OF RWANDA
CE BILLET A COURS LEGAL - THIS NOTE IS LEGAL TENDER
500 CINQ CENTS - FRANCS - FIVE HUNDRED 500
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Protection type Watermark, Security thread, Latent image, Color-shifting ink
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Rwanda's post-genocide currency rebuilding involved a deliberate policy of visual and institutional rebranding, and by 2008 the National Bank had moved firmly away from the shared Banque Nationale du Rwanda identity that predated the political rupture of the 1990s. The 500 franc denomination sat at a practical mid-range level in daily Rwandan commerce — significant enough to require modern security features, which by this issue included color-shifting ink, a specification more commonly reserved for higher denominations in many African series of the period.

Pick 34 is the first 500 franc issue to carry the full suite of current security elements for this series, distinguishing it from earlier 500 franc types where latent image technology was absent.