|This article is outdated. (January 2015)|
|беларускі рубель (Belarusian)
белорусский рубль (Russian)
|ISO 4217 code||BYR|
|Central bank||National Bank of the Republic of Belarus|
|Source||National Statistical Committee, 2011|
|Plural||The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.|
|Freq. used||none (coins are issued only for commemorative purposes).|
|Freq. used||100, 500, 1,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 rubles|
First ruble, 1992–2000
The breakup of supply chain in the former Soviet enterprises demanded that goods be bought and sold on the market, often requiring cash settlement. The Belarusian unit of the USSR State Bank did not have capacity or the licence to print Soviet banknotes, hence the government decided to introduce their own national currency to ease up the situation with cash. The German word Taler (Belarusian: талер), divided into 100 hrosh (Belarusian: грош) was suggested as the name for a Belarusian currency, however the Communist majority in the Supreme Soviet of Belarus rejected the proposal and stuck to the Russian word ruble.
From the collapse of the Soviet Union until May 1992, the Soviet ruble circulated in Belarus alongside the Belarusian ruble. New Russian banknotes also circulated in Belarus but they were replaced by notes issued by the National Bank of the Republic of Belarus in May 1992. The first post-Soviet Belarusian ruble was assigned the ISO code BYB and replaced the Soviet currency at the rate of 1 Belarusian ruble = 10 Soviet rubles. It took about two years before the ruble became the official currency of the country.
Second ruble, 2000-
In 2000, a second ruble was introduced (ISO code BYR), replacing the first at a rate of 1 new ruble = 1,000 old rubles. This was redenomination with three zeros removed. Only banknotes have been issued, with the only coins issued being commemoratives for collectors.
Monetary integration with Russia
From the beginning of his presidency in 1994, Alexander Lukashenko began to suggest the idea of integration with Russian Federation and to undertake steps in this direction. From the beginning, there was also an idea of introducing a united currency for the Union of Russia and Belarus. Art. 13 of the 1999 "Treaty of Creation of the Union State of Russia and Belarus" foresaw a unified currency. Discussions about the Union currency has continued past the 2005 implementation goal set by both nations. Starting in 2008, the Central Bank of the Republic of Belarus announced that the ruble will be tied to the United States dollar instead of the Russian ruble.[dubious ] "Stanislav Bogdankevich, a former bank chairman, called the decision political, saying it was tied to Belarus' open displeasure at Russia's decision to hike oil and gas export prices to Belarus earlier this year[when?]. Belarus' economy is largely Soviet-style, centrally controlled and has been heavily reliant on cheap energy supplies from Russia".
Belarus is a large producer of commemorative coinage for collectors’ markets, most particularly gold and silver bullion coins and non-circulating legal tender. The first coins of the Republic of Belarus were issued on December 27, 1996. The designs of such range from fairly ordinary to unique and innovative and themes range widely from "native culture and events" to fairy tales and pop culture topics not relating to Belarus at all. A majority of these coins are denominated with a face value of 1 ruble, with a few denominated in 3 ruble and 5 ruble as well. All these coins are considered novelties and are not likely to be seen in general circulation.
Official circulation coinage has yet to be introduced, making Belarus one of the few countries in the world never to have issued coins. The reasons for this are largely due to an endemic problem with rampant inflation which has been a problem since independence.
In 2009 and years since, there has been talk of rebasement and a third ruble; the plans for such a revaluation include a set of coins in denominations of 5, 10, 20, 50 kopecks and 1 ruble. Slovakia has offered to mint these coins and has provided prototypes. However, despite plans for revaluation and the introduction of coinage, this has yet to occur and no coins have been introduced.
In 1992, banknotes were introduced in denominations of 50 kapeykas, 1, 3, 5, 10, 25, 50, 100, 200, 500, 1,000 and 5,000 rublei. These were followed by 20,000 rublei in 1994, 50,000 rublei in 1995, 100,000 rublei in 1996, 500,000 rublei in 1998 and 1,000,000 and 5,000,000 rublei in 1999.
|1992 — 1999 series |
|Image||Value||Dimensions (mm)||Main Color||Obverse||Reverse||Date of printing||Date of annul|
||105×53||Orange-pink||Image of sciurus||Pahonia ("Chaser")||May 25, 1992||January 1, 2001|
||Grey blue||Image of the running European Hare or "zaichik" which earned the currency its nickname|
||Green||Image of beavers|
||Blue and pink||Image of gray wolfs|
||Dark green||Image of the Eurasian Lynx with kitten|
||Orange||Image of moose|
||Violet||Image of brown bear|
||Green-brown||Image of wisent|
||Yellow-green||Image of the train station square||December 8, 1992|
||Violet-red||Victory Square, Minsk|
||Green||National Academy of Sciences of Belarus in Minsk||November 3, 1993|
||110×60||Large image of the number 1,000||September 16, 1998|
||105×60||Red||Trinity Hill in Minsk||Pahonia||April 7, 1994|
||110×60||Large image of the number 5,000||September 16, 1998|
||150×69||Olive-yellow||National Bank of the Republic of Belarus||Pahonia||December 28, 1994|
||Light brown||Kholm Gate||Brest Fortress Memorial||September 15, 1995|
||Grey-brown||Opera and Ballet Theatre (Minsk)||Scene from the ballet "Favourite" («Избранница») by E.A. Hlebau||October 17, 1996|
||Orange-red||The Republican Trade Unions' Palace of Culture in Minsk||Architectural decorations on the Republican Palace of Culture of Belarus||December 1, 1998|
||Sky-blue||The National Museum of Arts of Belarus in Minsk||Fragment of the picture "Portrait of wife with flowers and fruits" by I. Khrutski||April 30, 1999|
||Light violet||Minsk Sports Palace||Image of the "Raubichy" sports complex||September 6, 1999|
In 2000, notes were introduced in denominations of 1, 5, 10, 20, 50, 100, 500, 1,000 and 5,000 rublei. In 2001, higher denominations of 10,000, 20,000 and 50,000 rublei were introduced, followed by 100,000 rublei in 2005. There are no coins or banknotes issued in kapeykas.
"On 1 September 2010, new rules of Belarusian orthography came into force. According to the old rules, the correct spelling of the word “fifty” in Belarusian was “пяцьдзЕсят,” but under the new rules, it should be spelled “пяцьдзЯсят,” the difference being that the seventh character was the Cyrillic letter IE but is now the Cyrillic letter YA. As a result of these new rules, the existing 50- and 50,000-ruble notes dated 2000 now technically contain errors where the denominations are spelled out on the notes. On 29 December 2010, the National Bank of Belarus introduced new 50- and 50,000-ruble banknotes to bring the inscriptions on the notes into compliance with the new rules of Belarusian spelling and punctuation. The images, colors, and sizes of the notes remain consistent with the preceding issues of the same denominations dated 2000. The modified 50-ruble notes also no longer has a security thread, and the modified 50,000-ruble notes have replaced the solid security thread for a 2-mm wide windowed security thread."
|Image||Value||Dimensions||Main Color||Description||Date of|
|1 ruble||110 x 60 mm||Green||The building of the National Academy of Sciences of Belarus||Denomination in figures||2000||January 1, 2000||January 1, 2004|
|5 rubles||Rose-red||View of the Trayetskaye Pradmyestsye in Minsk||July 1, 2005|
|10 rubles||Light blue||The building of the National Library of Belarus||March 1, 2013|
|20 rubles||150 x 69 mm||Olive-yellow||The building of the National Bank of Belarus||The interior of the building of the National Bank of Belarus|
|50 rubles||Orange-red||The Kholm Gate - fragment of the Memorial Brest Hero-Fortress||The main entrance to the Memorial Brest Hero-Fortress||July 1, 2015|
|100 rubles||Green||The National Academic Great Opera and Ballet House of Belarus in Minsk||Scene from ballet "Favourite" by E.A. Hlebau|
|500 rubles||150 x 74 mm||Light brown||The Republican Trade Unions' Palace of Culture in Minsk||Architectural decorations on the Republican Palace of Culture of Belarus|
|1,000 rubles||Light blue||The National Museum of Arts of Belarus in Minsk||Fragment of the picture "Portrait of the wife with flowers and fruits" by I. Khrutski|
|5,000 rubles||Light violet||The Palace of Sports in Minsk||Image of the "Raubichy" sporting complex|
|10,000 rubles||Pink||Panorama of Vitebsk city||Summer amphitheatre in Vitebsk||April 16, 2001|
|20,000 rubles||Grey||Gomel Palace||A view of the palace from A. Idzkouski's picture in Homyel||2002|
|50,000 rubles||Sky blue||A castle in the settlement of Mir, Karelichy district, Hrodna Voblast||Decorative collage of architectural elements of Mir Castle||December 20, 2002|
|100,000 rubles||Orange||The Nesvizh Castle||View of the Radziwills' Castle in Niasvizh from a painting by the Belarusian artist Napoleon Orda||July 15, 2005|
|200,000 rubles||Light Green||The Mogilev Maslennikov Art Museum||Decorative collage of architectural elements of the museum building||March 12, 2012|
|These images are to scale at 0.7 pixels per millimeter.|
On January 2, 2009, the Central Bank of the Republic of Belarus lowered the exchange rate of the ruble by 20%.
On May 24, 2011, the Central Bank of the Republic of Belarus lowered the exchange rate of the ruble by 56%. Alexei Moiseev, chief economist at Russia's VTB Capital, said at the time that "a '91-style meltdown is almost inevitable," referring to the crisis which accompanied the dissolution of the Soviet Union.
On October 20, 2011 the exchange rate of the Belarus ruble dropped 34.2% (from Br 5,712 to Br 8,680 per USD) when it was fully floated following demands to do so by Russia and the IMF.
In January 2015, the Central Bank of the Republic of Belarus devalued its currency by 23% against the United States Dollar despite efforts to keep Russia's ruble crisis from spreading across the border. As of February 1, one U.S. dollar was worth 15,400 Belarussian rubles; by Tuesday it fell to 15,450 rubles to the dollar, as per data from the Belarussian Central Bank's website.
|Current BYR exchange rates|
|From Google Finance:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|From Yahoo! Finance:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|From XE:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|From OANDA:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|From fxtop.com:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|From Currency.Wiki:||AUD CAD CHF EUR GBP HKD JPY USD RUB|
|Belarusian rubles per currency unit (yearly average rate)|
|United States dollar||2,160||2,154||2,145||2,146||2,136||2,792||2,978||4,623||8,336||8,876||10,216||14,809|
- National Bank of the Republic of Belarus. "NBRB banknotes". Retrieved 2006-12-30.
- "Will rouble become Belarus currency?". Pravda.ru. 2003-12-02. Archived from the original on 29 September 2007. Retrieved 2007-10-01.
- "Banknotes and Coins of the National Bank of the Republic of Belarus". National Bank of the Republic of Belarus. Retrieved 2012-06-15.
- Linzmayer, Owen (2011). "Belarus". The Banknote Book. San Francisco, CA: BanknoteNews.com. Retrieved 2011-08-21.
- Stern, David L., Belarus faces an economic precipice, GlobalPost, May 31, 2011 06:34. Retrieved 2011-08-15.
- "Belarusian Ruble Drops 20% Against Dollar in January". The Moscow Times. February 3, 2015. Retrieved August 9, 2015.
- National bank of the Republic of Belarus: Belarusian Ruble Official Average Exchange Rate against foreign currency
|Wikimedia Commons has media related to Money of Belarus.|
- National bank of the Republic of Belarus - Official Exchange Rates (English)
- Information about belarusian commemorative coins (English)
- Catalog of Belarus Banknotes
- LIVE Belarus Ruble eXchange Rates : BYR (English)
- Coins of Belarus at CISCoins.net