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Tuesday, January 17, 2017

Belarus has carried out the most ambitious in the history of the denomination

In Belarus on Friday redenominated the national currency, which has become the most ambitious in the history of the country. The exchange ratio was 1:10 000.

photo: Gennady Cherkasov

Just to go into circulation seven denominations of banknotes: 5, 10, 20, 50, 100, 200 and 500 rubles, and eight coins 1, 2, 5, 10, 20, and 50 cents and 1 and 2 of the ruble.

On each banknote depicts one of the Belarusian regions: Brest, Gomel, Vitebsk, Grodno, Mogilev and Minsk. On these bills placed image of monuments of architecture and urban planning.

Belarusian rubles old model will be in circulation until the end of 2016. While commemorative and bullion coins issued earlier by the national Bank of the Republic, should take at face value in all types of payments.

A few days before the denomination, the authorities have asked citizens to stock up on cash. Last night in connection with the reconfiguration of the system in the country has been conducting non-cash payments.

Earlier the President of Belarus Alexander Lukashenko said he would “tear off” heads of those who would raise prices in the course of the denomination.

Note that the current denomination was the third in the history of the country. In 1994, the year with the banknotes were removed one zero and six years later — three zero.

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