A proposal exists to introduce a common currency, a new East African shilling, for the five member states of the East African Community. While originally scheduled to occur by the end of 2012, current proposals are for an introduction in 2015.
In 1964, coins were introduced for 1, 5 and 10 francs, with the 1 and 10 francs in cupronickel and the 5 francs in bronze. In 1969, aluminium 1 franc coins were introduced, followed in 1970 by ½ and 2 francs also in aluminium. A reduced sized copper-nickel 10 franc coin was issued in 1974. Brass 20 and 50 francs were introduced in 1977. New series of 1-50 Francs coins were issued in 2004 (dated 2003) and a new bimetallic coin of 100 Francs was introduced in 2008 (dated 2007)
In 1964, provisional notes were created for use in Rwanda by handstamping (20 to 100 francs) or embossing (500 and 1,000 francs) Rwanda-Burundi notes bearing their original dates and signatures. These were followed by regular issues for the same amounts dated 1964 to 1976. 20- and 50-franc notes were replaced by coins in 1977, with 5,000-franc notes introduced in 1978. The nation's first-ever 2,000-franc note was introduced in mid-December 2007. In 2008 the bank replaced the 100-franc note with a bimetallic coin, and revoked the notes’ legal tender status on 31 December 2009.