Internship Report(Bnr)

Topics: Monetary policy, Money supply, Central bank Pages: 19 (5050 words) Published: September 18, 2013
DECLARATION

I NIYIBIZI Maurice confirm that this report represents my own work, the contribution of any supervisor and others to the industrial training and to the report was consistent with normal supervisory practice.

To the best of my knowledge hereby, I declare that the work presented in internship report contains no material presented elsewhere as an internship report, except any reference in terms of books or any other written and electronic material made concerning other people indicated in the reference given in the text.

I thus declare that this work is mine and was completed successfully under the supervision of Mrs.IRANKUNDA JOY

NIYIBIZI Maurice
National University of Rwanda
Faculty of Economics and Management
Department of Economics
Monetary Economics option

Tel: 0788550746

Date: 31st December 2010

Signature:

CERTIFICATION

It is certified that this report was carried out in the National Bank of Rwanda in the department of research and policy Analysis, in the Monetary policy division, is the work of Maurice NIYIBIZI a student under my supervision.

Supervisor’s signature:

ACKNOLEDGEMENT

In term of our bachelor’s degree in economy, a training course (internship) in the field of our academic training is recommended, to the confront the theory and practice.

It is this frame that this report of training course was made within the National University of Rwanda during a period of one month. The progress of the training course made within the Research and Policy Analysis Department (Monetary policy division)

The first week was dedicated to deepened documentation to inquire on the history, the structure and the organization of bank.

The reading of various reports published annually or quarterly turned out necessary to widen our knowledge on the activities of the bank.

The work was supported by different visits in three department currency and banking operation, financial markets, but my internship work focused in Research and Policy Analysis Department (Monetary Policy Division). The progress of the training course and the writing of the present report required the contribution of institution and persons whom we shall not miss to thank:

The National University of Rwanda, to have contributed to my education up to now, the National Bank of Rwanda to have answered positively my request of training course (internship).

We cannot miss to express our gratitude to all of those who allowed us to do internship in this bank such as madam Goretti who is in charge of internship recruitment in this institution, Mr Joseph NZABONIKUZA Director of research and policy analysis Department who allowed us to do internship in this department and for his kindness and tight collaboration during all this period, we express also our gratitude to Madam joy IRADUKUNDA our supervisor for training us some practical activities of monetary policy division like calculations done by this division using NBR balance sheet in order to control monetary base and its analysis.

We cannot forget to express our gratitude to all employees we spent all this period together tight collaboration and for their kindness in answering all questions we have asked them. GOD BLESSES YOU ALWAYS!

ACRONYMS AND ABBREVIATIONS

B.E.R.B: Banque d’émission du Rwanda et du Burundi
BNR: National Bank of Rwanda
IMF: International monetary Fund
RM: Reserve money
M3: Broad Money
m: Money multiplier
RR: Reserve requirements
GDP: Gross domestic product

CC: Currency circulation

TABLE OF CONTENT

DECLARATION……………………………………………………………………………………………..i CERTIFICATION………………………………………………………………………………...................ii ACKNOWLEDGEMENTiii
ACRONYMS AND ABBREVIATIONSiv
TABLE OF CONTENTv
CHAPTER I. GENERAL...

References: The practical training was carried out in the National Bank of Rwanda at the Head quarters for the period of one month from 1st December to 31th December, 2011
I.1OBJECTIVES OF INTERNSHIP
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