Denomination Money carried out by replacing banknotes of the 2000 sample in circulation with banknotes and coins of the 2009 sample in the ratio of 10,000 Belarusian rubles per banknotes sample 2000 to 1 Belarusian ruble in banknotes sample 2009.
Decree No. 450 "On the denomination of the official currency of the Republic of Belarus" was signed by the President of Belarus Alexander Lukashenko on November 4, 2016.
Prices for goods and services are recalculated taking into account the selected denomination scale - 1:10.000.
If, before the denomination, a commodity was worth, for example, 100.000 rubles, then after the denomination, its price was Between July 1 and December 31, 2016, all business entities indicate two prices - old and new.
By a similar principle, salaries, pensions, scholarships, cash balances for bank accounts, balance sheets of enterprises, institutions.
July 1 to December 31, 2016 banknotes of the 2000 sample, as well as banknotes and coins of the 2009 sample will be in parallel circulation and will be mandatory for acceptance when making all types of payments by all business entities without restrictions.
Over the next five years - January 1, 2017 to December 31, 2021 - banknotes of the 2000 sample will be exchanged for banknotes of the 2009 sample in any amount without restrictions and without charging a commission.
At the same time, it will be possible to exchange old banknotes for new ones:
from January 1, 2017 to December 31, 2019 - at the National Bank, banks and non-bank credit and financial organizations The Republic of Belarus;
From January 1, 2022, banknotes of the 2000 sample will be considered invalid.
New banknotes and coins National Bank The Republic of Belarus
The general concept of the design of the new banknotes corresponds to the motto "May country - Belarus". Each banknote is dedicated to one of the regions of Belarus and the city of Minsk. Correspondence of the area to the denomination of banknotes is determined in alphabetical order. The image of a banknote with a face value of 5 rubles is dedicated to the Brest region, 10 rubles - Vitebsk, 20 rubles - Gomel, 50 rubles - Grodno, 100 rubles - Minsk, 200 rubles - Mogilev, 500 rubles - Minsk. In the design of the new banknotes of the 2009 sample, the continuity with respect to the banknote series of the 2000 sample has been preserved in terms of the use of images of architectural and urban planning monuments.
In total, since July 1, 2016, seven denominations of banknotes (5, 10, 20, 50, 100, 200 and 500 rubles) and eight denominations of coins (1, 2, 5, 10, 20, and 50 kopecks, and also 1 and 2 rubles).
Corresponds to the banknote of the old sample of 50 thousand rubles.
This banknote is equivalent to 100 thousand rubles of the 2000 sample.
Instead of the "old" banknote of 200 thousand rubles.
Corresponds to 500 thousand rubles banknotes of the previous sample.
The equivalent of 1 million rubles "old".
In banknotes of the 2000 model, this would be 2 million rubles.
This bill corresponds to 5 million rubles "old".
It is equivalent to 100, as well as 200 and 500 "old" rubles.
Equivalent of 1 thousand, 2 thousand and 5 thousand, sample of 2000
The equivalent of 10 thousand, 20 thousand "old"
The work of AIS "Raschet" has been resumed
The history of the Republic of Belarus is rich in important events related to its currency. This is the introduction of the money of their own state into circulation, and hyperinflation, and denomination. It is worth noting that the measures taken by the government led to a decrease in inflation to minimum values, and in some periods of 2018 deflation was observed. Let's take a closer look at what kind of money is currently circulating in Belarus.
In 2018, the approved name of the currency of the Republic of Belarus is the Belarusian ruble. called currency unit since 1992 after the collapse of the USSR. Its symbol is Br (the letter B means the word "Belarusian", and under r - "ruble"). Some sources noted that initially the government planned to give a different name - "taler". In the international format, the Belarusian ruble is indicated in the form of three capital letters - "BYN".
For all the years of its existence, the ruble of the Republic of Belarus has gone through three stages of monetary reform:
By denomination is meant a process (reform), after the completion of which the nominal value of banknotes changes - their face value. In simple words- this is the replacement of old money with new ones, with fewer zeros. The main goal of the holding is to stabilize the currency, simplify calculations and remove excess money supply.
Denomination is possible only in two cases:
As of November 7, 2018 Central bank The Russian Federation has established that for 1 Belarusian ruble you can get 31.11 Russian rubles or 0.47 US dollars (100 BYN = $47.04).
In 1992, when the all-Soviet financial system, the government of the Republic of Belarus introduced first coupons as money, and then NB settlement notes. According to official exchange rate 1 settlement ticket was equal to 10 Soviet rubles. From July 1 of the same year, it became possible to make payments using non-cash Belarusian rubles. In the second half of July 1993, the final process of withdrawing Soviet money from circulation began. And in 1994, the Belarusian ruble was finally approved as the only legal currency that could be used to pay in shops, cafes and other places.
The Belarusian ruble is non-convertible currency, so it is not possible to purchase it in other countries. But within the state, an exchange is available from any monetary unit. To make transactions, you must contact the exchange office. As a rule, they are located at airports, railway stations and large shopping centers.
A valid passport is required to exchange money. Receipts or checks issued by employees of exchange offices must be kept, as they will be required to be presented by border guards when leaving Belarus.
On November 4, 2015, Alexander Lukashenko approved and signed Decree No450 “On the denomination of the official currency”. On the basis of this paper, in the period from July 1, 2016 to December 31, 2016, a reform should be carried out - denomination Belarusian ruble. Old banknotes, made in 2000, changed to paper banknotes and coins of a new type, issued in 2009, in the ratio of 10 thousand to 1. Thus, the denomination with the lowest denomination of 100 rubles was replaced by a coin of 1 kopeck, and 500 new ones, relative to the denominated ruble, equal 5 million rubles.
Until July 1, 2016, no coins were used in the Republic of Belarus. Until that time, they were issued as commemorative, not intended for circulation - they could not pay for services, goods.
In circulation on the territory of the Republic of Belarus today there are banknotes of seven denominations - 5, 10, 20, 50, 100, 200 and 500 rubles. Also, metal coins of eight denominations were used - 1, 2, 5, 10, 20, 50 kopecks and 1 and 2 rubles. Visually, the new banknotes look almost the same as the old ones. Their size is almost identical, images of cities and sights have not disappeared. The only difference is for banknotes with a face value of less than 100 rubles. now images of animals are not applied, including well-known bunnies (previously they decorated paper bills with a denomination of 1 ruble).
Starting July 1, 2016, the price tags in stores, of course, have not been completely changed to new ones. Even the government decided at first to indicate two prices for the convenience of citizens. The first is based on the currency units of 2000, and the second is based on the new banknotes issued in 2009. This continued until January 1, 2017, until it was published decree, according to which trade and service enterprises should have indicated the value only in the new monetary unit.
The denomination process led many Belarusians and financial experts to think about an increase in prices for marketable products due to a decrease in the number of zeros on banknotes. However, according to official statistics, the inflation rate for 2016 did not reach the predicted parameter, i.e. 12%. It was fixed at around 11.8%, the government of the country took various containment measures ().
It should be noted that there were still cases when sellers of vegetables, confectionery and other types of goods hoped for the “effect of small numbers”. That is, if earlier 1 unit of goods cost 5 thousand rubles (50 kopecks at new prices), then after the reform it can be sold twice as much - for 1 ruble. The calculation failed, buyers felt the difference, and the state did its best to stop price increases.
17:27 04.11.2015
From July 1, 2016, the denomination of the official currency - the Belarusian ruble - will be carried out in the Republic of Belarus. The corresponding decision was made by Decree of the President of the Republic of Belarus dated November 4, 2015 No. 450.
The denomination will be carried out by replacing banknotes of the 2000 sample in circulation with banknotes and coins of the 2009 sample in the ratio of 10,000 Belarusian rubles in banknotes of the 2000 sample to 1 Belarusian ruble in banknotes of the 2009 sample. That is, taking into account the chosen scale of enlargement of the Belarusian ruble (1:10,000), the lowest denomination of the current banknote - 100 rubles - will be replaced by the lowest denomination of the new monetary series - 1 kopeck.
In total, from July 1, 2016, seven denominations of banknotes - 5, 10, 20, 50, 100, 200 and 500 rubles, and eight denominations of coins - 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles.
The general design concept of the new banknotes corresponds to the motto "May kraina - Belarus". Each banknote is dedicated to one of the regions of Belarus and the city of Minsk. Correspondence of the area to the denomination of banknotes is determined in alphabetical order. The image of the 5-ruble banknote is dedicated to the Brest region, 10 rubles - to the Vitebsk region, 20 rubles - to the Gomel region, 50 rubles - to the Grodno region, 100 rubles - to the Minsk region, 200 rubles - to the Mogilev region, 500 rubles - to the city of Minsk. In the design of the new banknotes of the 2009 sample, the continuity with respect to the banknote series of the 2000 sample has been preserved in terms of the use of images of architectural and urban planning monuments.
On the obverse (front side) of the change (circulation) coins introduced into circulation, the State Emblem of the Republic of Belarus is depicted, on the reverse (back side) - digital designations of the denominations of the coins.
Until July 1, 2016, banknotes of the 2000 model currently in circulation will be the only legal tender for cash settlements in the Republic of Belarus.
From July 1 to December 31, 2016, inclusive, banknotes of the 2000 sample, as well as banknotes and coins of the 2009 sample, will be in parallel circulation and will be mandatory for acceptance when making all types of payments by all business entities without restrictions.
Over the next five years - from January 1, 2017 to December 31, 2021 inclusive - banknotes of the 2000 sample will be exchanged for banknotes of the 2009 sample in any amount without restrictions and without charging a commission.
At the same time, it will be possible to exchange old banknotes for new ones:
from January 1, 2017 to December 31, 2019 inclusive - in the National Bank, banks and non-bank financial institutions of the Republic of Belarus;
from July 1, 2020 to December 31, 2021 inclusive - at the National Bank of the Republic of Belarus.
The decision to denominate the Belarusian ruble was made in order to improve monetary circulation, simplifying accounting and calculations, maintaining an optimal banknote structure money supply, significant reduction public spending for servicing cash circulation in the Republic of Belarus.
The denomination process is technical in nature and will not affect the purchasing power of the Belarusian ruble, the exchange rate national currency towards foreign currencies and the actual rate of inflation.
So, the prices for goods and services from July 1, 2016 will be recalculated taking into account the selected denomination scale - 1:10,000. In other words, if before the denomination any product cost, for example, 100,000 rubles, then after the denomination its price will be 10 rubles. At the same time, in order to make it easier for buyers to adapt to such changes, for the period of parallel circulation of old and new banknotes, that is, in the period from July 1 to December 31, 2016, all business entities will be required to indicate two prices - old and new.
By a similar principle, during the denomination, salaries, pensions, scholarships, cash balances in bank accounts, balance sheets of enterprises and institutions, etc. will be recalculated.
It should be noted that preparations for the denomination in the Republic of Belarus took a rather long period. Thus, the new banknotes, which will be put into circulation on July 1, 2016, were made by order of the National Bank of the Republic of Belarus back in 2008. However, then, in connection with the global economic crisis and, as a result, the deterioration of the economic situation in our country, the denomination was postponed, and the produced banknotes were transferred to the Central Depository of the National Bank.
Taking into account the time of production, new Belarusian rubles have certain features. In particular, the banknotes of the 2009 sample put into circulation bear a facsimile of the signature of P.P. Prokopovich. In addition, on new banknote with a face value of 50 rubles, there is an inscription “pyatsdzesyat”, which does not comply with the current rules of Belarusian spelling. In accordance with the Law of the Republic of Belarus dated July 23, 2008 No. 420-Z “On the rules of Belarusian spelling and punctuation”, this word must be written with the letter “ya” in the second syllable - “pyatdzyasat”.
When the National Bank executes subsequent orders for the production of new banknotes, these discrepancies will be eliminated.
Images of banknotes and coins of the National Bank of the Republic of Belarus issued into circulation since July 1, 2016 can be found on the official website of the National Bank athttp://www.nbrb.by/Press/?nId=1214
Department of Information and Public RelationsNational Bank of the Republic of Belarus
Denomination is a change in the face value of money. It is usually expressed in the "cutting" of a certain number of zeros from old banknotes and the release of new money into circulation. lower denomination. Often the need for a denomination arises after hyperinflation in order to simplify calculations.
The denomination of the Belarusian ruble for its relatively short story happened twice already. Back in 1992, new money appeared in Belarus - the well-known "bunnies", "squirrels", "bison" ... True, while new banknotes were being printed, inflation was doing its dirty work. As a result, prices rose sharply, and they decided to increase the denomination of the new banknotes by mentally adding 1 zero to the number on the banknote. For example, the famous bunny, on which the number “1” appeared, was in practice taken not for 1 ruble, but for 10.
Two years later, the first denomination of the Belarusian ruble took place - the denomination of 1994. One zero was removed from the bills (which, in fact, never existed there), and the prices for goods and services were recalculated accordingly.
In just 5 years, Belarusians became millionaires - by 1999, a banknote with a face value of 5 million rubles was already in circulation. A decision was made on the second denomination, and the country entered the year 2000 with new money, devoid of three more zeros.
And just recently, the crisis year of 2011 broke out. The ruble depreciated three times (and by today - almost four times), inflation in one year exceeded 108%. The National Bank put into circulation a denomination of 200,000 rubles, and the highest ranks began to carefully pronounce the word "denomination" aloud.
And in October 2013, President of Belarus Alexander Lukashenko frankly stated that the new money had already been printed and was in stock. Yes, and the head of the National Bank, Nadezhda Ermakova, has repeatedly spoken about the denomination after the economic situation in the country stabilizes. But when exactly will the third Belarusian denomination- is still unclear.
According to President Lukashenko, for the denomination "there should not be such an interest rate, there should be no worries in the market so that the population does not worry."
Nadezhda Ermakova agrees with him: “We need to restore the entire economy, monetary system put everything in order so that we and interest rates were normal, then we can talk about the denomination. Any denomination still leads to an increase in inflation.”
The denomination, although it does not affect the fundamentals of the economy, can indeed lead to higher prices. The psychological effect of denomination is often expressed in the growth of consumption by the population, which, in turn, leads to inflation.
On November 4, 2015, by the Decree of the President of the Republic of Belarus, a decision was made to denominate the national currency. The denomination in Belarus was held on July 1, 2016, with the current 10 thousand Belarusian rubles equated to 1 new Belarusian ruble. Accordingly, the prices of goods after the denomination lost 4 zeros to current prices.
After the denomination, the Belarusian ruble immediately decreased by 10,000 times, and banknotes of the 2000 sample in circulation are gradually being replaced by banknotes and coins of the 2009 sample. So, 100 rubles - the lowest denomination of a banknote, will be replaced by the lowest denomination of the new monetary sample - 1 kopeck.
In total, seven denominations of banknotes appeared in circulation - 5, 10, 20, 50, 100, 200 and 500 rubles, and eight denominations of coins - 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles.
After the denomination on July 1 in Belarus, until the end of 2016, banknotes of the 2000 and 2009 samples were in parallel circulation and were mandatory for acceptance when making all types of payments without restrictions. Since the beginning of 2017, Belarus has completely switched to banknotes of a new design.
Belarus has determined the procedure for the exchange of banknotes of the old sample. Old money can be exchanged for new ones at the National Bank and non-bank financial institutions of the Republic of Belarus from January 1, 2017 to December 31, 2019 inclusive. From July 1, 2020 to December 31, 2021 inclusive, banknotes will only be exchanged at. From January 1, 2022, banknotes of the 2000 sample will be considered invalid.
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In early November 2015, the President of the Republic of Belarus signed the law on the denomination of the official banknote in the summer of 2016. For all this denomination in Belarus has become the largest, and the news about the change of banknotes - one of the loudest in recent times. What led to the depreciation Belarusian currency And what will happen after the denomination?
Denomination is an economic procedure that is carried out in order to change the nominal value of the national currency in order to stabilize the money circulation after hyperinflation and simplify the settlement procedure.
What will happen after the denomination in Belarus? During the procedure, old banknotes are exchanged for new ones, as a rule, of a lower value (face value), but with the same purchasing power. The denomination provides for the gradual withdrawal of the old currency from circulation. If this happens within a few weeks, then most often not the entire money supply is exchanged, which causes additional problems associated with the subsequent inability to exchange currency and the loss of funds. If, however, several years are allotted for the procedure, when old banknotes go on a par with new ones, and the currency can be freely exchanged for new money, then the process takes place, albeit more slowly, but more smoothly and steadily.
With the denomination, salaries, tariffs, the cost of food and services, scholarships, pensions and other social benefits are recalculated. The state gets rid of excess money supply, which allows:
Denomination is usually carried out after hyperinflation. In other cases, the procedure can undermine the stability of the country's economy and negatively affect the psychological state of the population. In addition, when carrying out a denomination "not according to indications", purchasing power suffers.
What's this? Simply put, denomination in any country of the world (including denomination in Belarus) is a process when a certain number of zeros are “removed” from the currency, depending on the scale of the previous hyperinflation, that is, a sharp and significant depreciation of money.
What will happen to prices and tariffs? In connection with the procedure, all prices and payments ( wage, tariffs, social benefits, scholarships) are converted to new money without changes.
Why is denomination necessary? The procedure makes it possible to simplify settlements, raise the status of the national currency and, in the long term, reduce government spending on issuing banknotes of ever larger denominations.
The denomination in Belarus is carried out due to hyperinflation. The country has been experiencing depreciation of the national currency since independence. From 1992 to 2012, the monetary unit depreciated 237.5 million (!) times, which is almost 12 million percent per year. However, hyperinflation in Belarus is not so “stable”: highest interest fall on the 1990s, and in the 2000s, inflation could be more than fifty percent per year. For comparison: the normal rate of inflation is considered to be 3-5% per year.
A rather strange situation has become the reason that every first inhabitant of Belarus can rightfully consider himself a millionaire. One pair of high-quality jeans, for example, cost a little more than one million Belarusian rubles, and the average salary of a doctor was six million.
The denomination in 1994 made it possible to remove only one zero from the national currency in relation to the banknotes of 1993. In 2000, one thousand was exchanged for one ruble, and in 2016 the exchange ratio will already be 1 to 10,000.
A similar situation took place only in one of the union republics. So, in 1995, Georgia reduced the value of the national currency by a million times, but it is far from Belarus, where the ratio of the ruble of 2016 to the banknote of 1993 was 100 million times.
What will happen after the denomination of 2016? The denomination of the ruble in Belarus in 2016 implies a “reduction in the number of zeros” on banknotes by 4. Thus, if a certain product previously cost 1,000,000 rubles, now its price will be 100.
The denomination of money in Belarus will be carried out until the end of 2021. The process was launched on July 1, 2016 and includes the following steps:
Until the end of the current year (2016), sellers are required to indicate two prices at the same time: the cost of goods and services before denomination and after it.
Each of the new banknotes will be dedicated to one of the six regions of the country and the capital. When developing the design, images of architectural monuments were used. Eight denominations of coins have also been prepared. according to the President of the Republic of Belarus, “they are somewhat reminiscent of the euro”.
Even National Bank in his official address, he indicated that the new banknotes are somewhat unusual (“have some features”). Firstly, there will be a spelling error on the fifty-ruble bill, and secondly, P. Prokopovich, who no longer holds this post, will be indicated as the head of the National Bank on the new banknotes. Such confusion resulted from the fact that preparations for a large-scale denomination in Belarus began back in 2008, when some of the banknotes were printed, but the global financial crisis prevented the implementation of the plan. Since then, the country managed to reform the language and change the head of the National Bank.
What will happen after the denomination in Belarus in relation to other currencies? Some online converters currently consider the course as before the denomination, others have already “rebuilt”.
Today, one ruble costs 33 Russian hryvnias or 13 hryvnias. One dollar after the denomination in Belarus costs a little less than two rubles, one euro - a little more.
