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If the total of bids is bigger than the amount set by the BRB, banks are paid in proportion to their respective claims on the premise of a percentage equal to the ratio between the amount awarded and the total quantity tendered. The Central Bank displays liquidity through operations of tenders for supply and resumption of liquidity which it units the duration and frequency. In the case of mounted rate tenders, BRB proclaims the interest rate at which all banks current their bids. In variable price bidding, each bank indicates the quantity it wishes to borrow or invest, as relevant, and the corresponding charges. The monetary policy framework of the Bank of the Republic of Burundi is characterized by the focusing on of monetary aggregates and the use of indirect instruments to control money provide and guarantee price stability.
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