Denomination will be held in Belarus from July 1, 2016. On November 4, Alexander Lukashenko signed Decree No. 450 “On carrying out the denomination of the official monetary unit The Republic of Belarus". This is reported TUT. BY with reference to the press service of the President of Belarus.
The Decree prescribed to denominate the official currency of the Republic of Belarus from July 1, 2016 and to replace, by December 31, 2016, the circulating banknotes of the 2000 sample in the form of banknotes with banknotes of the 2009 sample in the form of banknotes and coins in the ratio of 10 thousand rubles in samples 2000 to 1 ruble in 2009 banknotes. The largest banknote will be 500 rubles.
Commemorative banknotes put into circulation by the National Bank from July 1, 2016 are subject to acceptance for all types of payments without restrictions in the ratio indicated above, commemorative and bullion (investment) coins put into circulation by the National Bank are subject to acceptance at face value for all types of payments without Borders.
The decree establishes that 1 Belarusian ruble 2009 sample is 100 Belarusian kopecks sample of 2009.
From July 1 to December 31, 2016, banknotes of the 2000 sample and banknotes of the 2009 sample are in parallel circulation and are required to be accepted for all types of payments without restrictions in the ratio indicated above.
The exchange of banknotes of the 2000 sample for banknotes of the 2009 sample is carried out without restrictions and without charging remuneration from January 1, 2017 to December 31, 2019 - at the National Bank, banks and non-banking credit and financial organizations Republic of Belarus, from January 1, 2020 to December 31, 2021 - at the National Bank.
From July 1 to December 31, 2016, manufacturers, sellers, suppliers, performers and their representatives, when providing consumers with information about the goods (works, services) offered, are required to indicate prices (tariffs) in banknotes of the 2000 sample and banknotes of the 2009 sample.
The National Bank was instructed to ensure the issuance of banknotes of the 2009 sample and the withdrawal of banknotes of the 2000 sample from circulation, taking into account the provisions of the decree.
Recall that the talk about the denomination has been raised more than once. In 2014, Alexander Lukashenko, at a meeting with media representatives, said that the design of new banknotes and kopecks had already been approved and they "will somehow resemble the euro."
He also said then that the denomination would be announced in Belarus six months in advance. " We will think with experts when this period comes. Here you have to be very careful.- said the head of state. - We are ready to denominate at any moment. But still, even for this technical step, there must be certain conditions. Shouldn't be like this interest rate, there should be no worries in the market so that the population does not worry. And in the economy so that there are no crisis phenomena».
« Therefore, we will select the time and announce this at least six months in advance., the President noted. - At the same time, both old rubles and new rubles will circulate at least during the year».
The President noted that the new money has already been approved, and along with banknotes in Belarus, it is possible that coins will also circulate. According to the head of state, outwardly the new money is similar to the euro.
« We do not hide, we have long been ready for this process- said Alexander Lukashenko. - But we need to choose the time so that in no case will people reproach us that we carried out a denomination, and someone profited from it. I will have a strict requirement: if we round prices in prices, then only down. People here have nothing to lose».
The President once again assured that the holding of the denomination would be announced in advance. " I guarantee! I will not cheat", - said the head of state.
More recently, literally in July last year, there was another denomination of the ruble in the Republic of Belarus. It is worth noting that it was not the only one, because after the collapse of the Soviet Union, the denomination was carried out 4 times. The last monetary reform greatly facilitated the system of settlements in Belarus, because before it it was almost impossible to comfortably use monetary units. Let's answer the question why there was a denomination of money in Belarus in 2016, its causes and consequences.
In simple words, what is a denomination, then in fact it is just a change in the nominal value national currency. This procedure is used to facilitate the settlement system, as well as to stabilize the economic situation within the state after an economic crisis or hyperinflation.
If we talk about the reasons for the denomination in general, then when it is carried out, the ratio of money changes, in this case in Belarus it changed 1 to 10,000, and in Russia in 1998, the nominal value of the national currency decreased by 1000. Accordingly, after these events, the entire cost of goods and services also decreased by 10,000 times. Why do you need a regular denomination:
Please note that in most cases, monetary reforms are carried out during a crisis or after hyperinflation in order to restore the domestic economy.
As mentioned earlier, the denomination in the Republic of Belarus was carried out repeatedly, and this was only after the collapse of the USSR. The first monetary reform was carried out in 1992, when 1 zero disappeared from the nominal value of the national currency. At that time, Belarusian rubles had an original design, because they were decorated with images of animals, and among the people they were called "bunnies".
The second monetary reform was not long in coming, and was carried out 2 years after the first, then another zero disappeared from the national currency. But at that time, after secession from the USSR, Belarus gained independence and never held economic reforms, which led to inflation, so by the beginning of the new century it again became necessary to denominate the currency, then the ratio was 1 to 1000.
The last denomination of the Belarusian ruble in 2016, as mentioned earlier, banknotes have become 10,000 times smaller. One has only to think about the fact that before the reform, there were banknotes of 2 and 5 million Belarusian rubles in circulation on the territory of the state, and if translated into modern money, these are 200 and 500 rubles, respectively.
Please note that today the exchange rate of the Belarusian ruble against the Russian ruble is 1 to 30.57, and the Belarusian ruble to the Russian ruble before the denomination was approximately 0.003057 to 1.
Undoubtedly, the main reason for the denomination, including in Belarus, is the rapid growth of inflation in the country. Although the country's government explains the reform by the fact that the need to reduce the number of zeros on banknotes is due to the fact that they are extremely inconvenient to use. In general, the denomination, as the government promises, will not affect the purchasing power of goods and services and will not harm the well-being of the citizens of the republic.
Currency of Belarus before and after denomination
But it is also worth noting that inflation also takes place here, which, in fact, is associated with economic stagnation and the need to carry out internal changes. Although, according to President Lukashenko himself, the country's economy is stable and the renewal of the national currency will not lead to devaluation, which means that the inhabitants of the state have nothing to fear.
Please note that the monetary reform in Belarus is of a technical nature and will not affect purchasing power in any way.
The order on the denomination of the official currency of the Republic of Belarus was signed by the President of the Republic on November 4, 2015, and the reform itself began on July 1, 2016. Approximately six months until the end of 2016 have been allocated for the complete extraction of old banknotes from circulation. Money on the territory of Belarus was withdrawn gradually, that is, citizens could pay as old banknotes, and new ones, it was possible to exchange the remaining savings in the bank.
The peculiarities of this reform are that before it was carried out, only paper banknotes would be in circulation. And today, residents of Belarus have the opportunity to use coins in denominations of 10.20, 50 kopecks 1 and 2 rubles. Among paper bills banknotes of 5.10, 20, 50, 100, 200 and 500 rubles today appearance banknotes adorn the cities of Belarus.
It is noteworthy that the monetary reform has been planned since 2009. It was then that the development of the design of new banknotes began. Officially, the version of the denomination appeared in 2014, announced by President Lukashenko during an interview with Belarusian journalists.
The denomination in Belarus in 2016 did not bring any negative consequences for the population. First of all, it should be noted that this monetary reform was really necessary primarily for the common population. In addition, accountants and employees received a great advantage from it. financial sphere. In addition, President Lukashenko himself promised to “tear off the head of everyone who raises prices for goods,” which means that the population of Belarus only benefits from the reform.
To summarize, the monetary reform in Belarus is just changes that are of a technical nature and are not related to the domestic economic crisis, although the inflation rate in the country exceeds the permissible limits, and is 15-18% per year. In any case, the reduction of zeros in the denomination of the monetary unit has greatly facilitated the life of the Belarusians. After all, just imagine, in order to make any major purchase, the inhabitants of the country literally had to carry a bag of money with them, because, as mentioned earlier, the exchange rate of the Belarusian ruble to the ruble before the denomination was 0.003057 to 1.
On July 1, 2016, for the first time, citizens of the Republic will pick up new banknotes and coins. So far we have only seen sketches on the screens, but some idea is already taking shape.
Banknotes of seven denominations will appear in circulation: 5, 10, 20, 50, 100, 200, 500 rubles, and eight coins: 1, 2, 5, 10, 20, 50 kopecks, 1 and 2 rubles.
The size of banknotes is not too different from those that we have become accustomed to since 2000 - 150 × 74 mm. The semantic content, in general, is the same: architecture, national patterns, but the design has become more “European”. This is understandable - in Europe, there is a manufacturer of banknotes that won the competition of the National Bank (where exactly - has not yet been reported).
It also follows from the statement that there are no plans to create a mint in Belarus, the production is too expensive, obviously not profitable for a small state. By the way, from the same source we managed to find out that the production of one banknote or coin ranges from 1 to 4 euro cents, i.e. coins of 1 kopeck, at the current rate, are almost half the cost.
It should be noted that both coins and banknotes were printed back in 2009, as evidenced by the signature of the then head of the National Bank P.P. current rules spelling. Inconsistencies are promised to be eliminated in the manufacture of the next batches of banknotes.
The money printed in 2009 could have been put into circulation earlier, but this was prevented by the global economic crisis and too high Belarusian economy in subsequent years. I am also glad that the costs of money production have already been incurred, although there remain costs for the exchange, changes in accounting, reconfiguration of ATMs and other equipment.
By the way, the question of the future operation of ATMs (especially during the transition period) is still open: only with new money or in parallel with the old ones? with or without coins?
Returning to the design of new money, we note that the images on seven banknotes are correct, i.e. alphabetically, distributed among the regions: five-ruble notes are dedicated to the Brest region; ten-rouble notes - Vitebsk; twenty - Gomel; banknote of fifty rubles - Grodno; hundred-ruble - Minsk; two-hundred-ruble - Mogilev region; and the largest of five hundred rubles - to the city of Minsk.
The reverse side of the banknotes is filled with historical and cultural symbols, already without explicit reference to the geography of the country and the image on the front side.
The design of the coins may resemble the metal money of the Soviet period, and the two-ruble note is made up of two metals of different colors, like the euro.
On the front side of all the coins there is the coat of arms of the Republic, on the back there are national symbols. All banknotes are marked in 2009.
Not too much information about the new money has appeared, but something can be seen already now:
The largest bill of 500 rubles(5 million for today's money).
On the front side: National Library, Prokopovich's signature, year of issue, banknote denomination in numbers and words, a straight cross in the lower left corner, a rectangular sign resembling a door above it, the inscription "RB" on the right, translucent images and a metal strip for better counterfeit protection.
On the reverse side - the denomination in digits, the serial number of the banknote in two places, and a composition on the theme of literature: a quill, an inkwell, a book, as well as a flower and a fern branch. Probably, not all symbols on the new banknotes will be understandable to a simple layman, but they are certainly not accidental.
200 rubles- the general structure of the front and back sides remains the same, the color solution shifts towards purple. On the front side - the Mogilev Regional Art Museum named after P.V. Maslennikov, in the lower left corner, instead of a straight cross, there is an image of a rectangle above it, similar to a door.
On the reverse side - a collage on the theme of urban planning and crafts: the seal of Mogilev and a golden key, a tile, a forged lattice, images of houses.
100 ruble bill: The Radziwill Castle in Nesvizh, in the corner instead of a cross is a rhombus, above it is a rectangle.
On the reverse side there are musical instruments, Slutsk belts, the Batleyka puppet theater, a goat and a Christmas carol. The common theme is ethnography, folk holidays. The color scheme is closer to turquoise.
50 rubles- on the front side: Mir Castle, in the lower left corner there is a triangle, above it there is a picture similar to a “false window”, just like there are many in Mir Castle.
On the back - a composition on the theme of art: pen, paper, lyre, notes and laurel branches. Light green colors predominate in the design.
20 rubles. On the front side: the Rumyantsev-Paskevich Palace in Gomel, in the corner - a square, above it - a window.
On the reverse side: bell, Turov Gospel, carving, views of Turov in antiquity. The common theme is spirituality. The color of the banknote is rather sandy.
10 rubles. Front side: Church of the Transfiguration in Polotsk. An example of ancient Polotsk architecture of the 12th century, a contemporary of St. Euphrosyne of Polotsk. In the lower left corner is a circle, above it is an image of a tall window.
The main theme of the reverse side is enlightenment and printing. Depicted: Cross of Efrosinya of Polotsk, books, print of Francysk Skaryna. The color of the banknote is closer to blue with gold.
5 rubles- the smallest of the banknotes. On the front side - Belaya Vezha in Kamenets (Brest region) - a defensive structure of the 13th century, a rare example of the Romanesque style for Belarus. In the corner there is a “-” sign, above it is an element of the fortress wall.
The reverse side of the banknote is dedicated to ancient Slavic history, depicts a wheel, a leather belt, a reconstruction of the ancient fortified settlement Berestye. The general background is perhaps the color of ocher, brick.
Coins will also appear in circulation:
Coins of 1 and 2 rubles made of silver gray metal. 2 ruble has a yellow rim.
On the obverse (front side) of the coins there is the coat of arms of Belarus and the number "2009".
On the reverse (back side) there is a denomination and an ornament embodying the desire for happiness and freedom. These ornaments on 1 and 2 rubles are different, but the semantic load is the same.
Kopeks, depending on the denomination, are divided into two colors, as in the Soviet Union, although there is no exact match.
Small: 1, 2 and 5 kopecks- similar to copper 10, 20, 50 kopecks- golden hue.
From May 20, 2019, updated banknotes of the 2009 sample with a face value of 5 and 10 Belarusian rubles of 2019 will be put into circulation. This decision was made by Resolution of the Board of the National Bank of the Republic of Belarus dated April 24, 2019 No. 183 as part of the ongoing measures to replace the withdrawn from circulation old banknotes and optimization of the security complex of banknotes in circulation.
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Decree of the President of the Republic of Belarus dated November 4, 2015 No. 450 announced the 3rd denomination of the national currency since the collapse of the Soviet Union. The money exchange of 2000, which began on July 1, 2016, was the result of prolonged hyperinflation in the Republic. The exchange of old money for new in Belarus is carried out for:
For the population, the key questions were where, how and until what time it is possible to exchange old money for new ones.
Denomination in simple understanding removes extra zeros from banknotes. Year 2000 banknotes are worthless on their own. Until December 31, 2016, in fact, there was a double price tag for goods in the country, that is, it was possible to pay with both old and new money.
In all stores in Belarus, one could see the conversion table:
| New denomination | old denomination |
| 1 kop. | 100 BYR |
| 2 kop. | 200 BYR |
| 5 kop. | 500 BYR |
| 10 kop. | 1000 BYR |
| 20 kop. | 2000 BYR |
| 50 kop. | 5 000 BYR |
| 1 BYR | 10 000 BYR |
| 2 BYR | 20 000 BYR |
| 5 BYR | BYR 50 000 |
| 10 BYR | 100 000 BYR |
| 20 BYR | 200 000 BYR |
| 50 BYR | BYR 500 000 |
| 100 BYR | 1 000 000 BYR |
| 200 BYR | 2 000 000 BYR |
| 500 BYR | 5 000 000 BYR |
Starting January 1, 2017, only Belarusian banknotes 2009 The exchange of old money for new in Belarus is not only possible, but has become a necessary reality. It makes no sense to keep waste paper that is worth nothing.
The exchange amount must be a multiple of 100. If the amount is less than the established limit, the National Bank simply has nothing to give you.
In Russia and Kazakhstan since January 1, 2017 exchange Belarusian currency sample 2000 to the domestic one is impossible due to their withdrawal. The only option is to exchange them for banknotes of 2009. Then, if desired, you can buy any currency for them.
Only banknotes of general use are subject to exchange. The denomination did not affect the investment and commemorative coins issued by the National Bank of the Republic of Belarus in last years before denomination. They are valid for any payments. The value of each banknote is equated to their face value.
The denomination of 2016 was planned as early as 2008. New banknotes were developed in 2007, but struck world economy the crisis of 2008 did not allow Belarus to carry out the monetary reform in time. The exchange of money of the old sample in Belarus is carried out at the rate of 10,000:1. This rate is set to be the same for the entire exchange.
Both cash and cards can be exchanged. The exchange when withdrawing money from the card occurs automatically at the accepted rate. Owners of deposits will not have to write an application for the recalculation of funds in a new way. Some banks were able to reorganize instantly, and their customers could withdraw savings through ATMs in new currency starting July 1, 2016
Instead of thousandth bills, the following are introduced into circulation:
Denomination - consolidation of the monetary unit of the country. As of June 1, 2016, more than 97% of the amount and 60% of all banknotes in circulation in the form of cash were seized.
Monetary reform is a measure that the economy of the Republic needed 8-9 years ago. Hyperinflation has made every first inhabitant of the country a millionaire. At the same time, banknotes of truly high value were extremely rare. Belarusians had to carry a real money bag with them, while the coins were completely out of circulation. Because of this, the Belarusian banknote has become one of the strangest currencies in Europe.
Consolidation is a purely technical undertaking. It does not affect the level of inflation, wages, the amount of debt, the exchanger works automatically. What can not be said about special management and accounting programs, such as 1C. With the introduction of kopecks, it became necessary to switch to new configurations, it will be necessary not only to finalize the form, but also update the metadata. This can be done independently according to the instructions if the simplest accounting system is used. In other cases, the help of specialists is needed.
The denomination in the Republic of Belarus began not only 8 years later than the due account, but also under very strange circumstances. The National Bank officially acknowledged that the first batch of new money with a spelling error (“pyatsdzesyat” instead of “pyatsdzyasyat”) costs a facsimile of the former head central bank Belarus. The fact is that the banknotes were printed back in 2008, since then the country has undergone a change in the leadership of the National Bank and a reform of the language. And since they printed a decent amount of banknotes, they did not alter anything.
The design of the new banknotes, although imbued with pride in national places, was developed by EU artists. Many note the fact that the new Belarusian ruble is similar to the euro. It is noteworthy that money was also printed abroad, in particular, in the UK.
On January 1, 2022, the 2000 banknotes were officially declared invalid. The population of Belarus, as well as citizens of other countries who still have that kind of money, have 5 years.
Most of those who have not changed the old money at the moment, or the owners of banknotes with a face value of 50 rubles. (at the devaluation rate, such money simply cannot be exchanged for in a single amount) or with a face value of 100,000 rubles. and more. It is likely that after some time, banknotes of large denominations will be of interest to collectors. Already, there are ads on the net selling them for n-amount in dollars. Entrepreneurial "millionaires" should keep in mind that numismatists will be interested in specimens preserved in looking good, as well as a rare series.
It may not always be profitable to exchange old Belarusian money for new ones. For those who do not understand bonistics, below is a list of banknotes for which collectors are already ready to pay you a tidy sum of money.
Banknotes of rare series:
Defective banknotes are also of interest. For example, marriage paper jams when printing. It is very difficult to find them, but if you succeed, you will get 10 times more than their real face value.
The 2016 denomination is a breath of fresh air in the economy of Belarus. It is difficult to say whether the decision was right to push back the deadlines by as much as 8 years. Reforms are always difficult, because any violation of the usual way of life, especially financial well-being of the population, is a period of denial, rampant fraudulent schemes. But in conditions of hyperinflation, this is the only tool that can save the country from default.
The denomination of the Belarusian ruble is scheduled for July 1, 2016 in Belarus. The order to this effect was signed on November 4, 2015 and is contained in Presidential Decree No. 450 “On the denomination of the official currency of the Republic of Belarus”. On this day, banknotes of a new sample (2009) will be put into circulation. Along with the new money, the old rubles will be in circulation until December 31, 2019.
At its core, denomination is a purely technical operation. In this, it basically differs from a full-fledged monetary reform. In simple words, banknotes of the old image are replaced with new ones. This is due to a certain convenience and the reduction of zeros on banknotes. Concerning general characteristics, then at denomination there is a reduction money supply. Economic fundamentals States, however, as a rule, are not affected. The main goal of the denomination process is to simplify and stabilize monetary system states.
The current denomination in the history of sovereign Belarus is the third in a row. Her main feature is the largest reduction of zeros (three at once) and the maximum approximation of the face value to the main convertible foreign currencies (US dollar and euro). So, 10,000 Belarusian rubles of the sample of 2000 will be equal to 1 ruble of the sample of 2009. One ruble of the new sample is equal to 100 kopecks. In addition, for the first time since independence, metal coins are being introduced in the country.
Preparations for the denomination took a long time. Development new version the Belarusian ruble began back in 2008, the banknotes themselves were printed a year later. Due to the fact that in 2009 there was a large-scale world economic crisis, it was decided to postpone the renewal of the national currency until better times. All this time, rubles already ready for circulation were in the vault of the National Bank of the country.
Firstly, the already printed banknotes bear the signature of the former Chairman of the Board National Bank Belarus P.P. Prokopovich, who does not currently hold this position. The second noteworthy fact, which is criticized by many linguists, is the presence on the fifty-ruble banknote of the inscription "pyatdzesyat", which does not correspond to the current spelling rules of the Belarusian spelling. Instead of "e" should be the letter "I". This rule is specified in the Law of the Republic of Belarus dated July 23, 2008 No. 420-Z “On the rules of Belarusian spelling and punctuation”.
The country's authorities have been hatching long-standing plans to denominate the national currency for a long time. The actual confirmation of this is the indication of the year of development of the sample of banknotes - 2009. For the first time, Alexander Lukashenko voiced the idea of holding a denomination in 2014, answering questions from Belarusian journalists. Even then, the President said that technically everything is ready for the renewal of the national currency and the process can be launched at any moment. At the same time, the head of state noted that several conditions are necessary for a calm and systematic denomination: the absence of drastic changes in exchange rate difference, as well as the maximum fence national economy from the influence of global processes.
Remarkably, Lukashenka assured the population that in the event of a denomination, one should not be afraid of devaluation. The country's economy is stable and nothing can provoke negative consequences after the formal renewal of the Belarusian ruble.
It is believed that the new Belarusian ruble will become a "stronger" national currency in comparison with the main convertible foreign currencies. Despite the fact that the citizens of Belarus, unlike foreigners, have long been accustomed to a large number zeros, it is assumed that it will become easier to pay with new banknotes. Moreover, as for individuals as well as for other subjects. The only concern for some people is the introduction of coins into circulation, which, out of habit, can be lost. In addition, the wallets of most Belarusians are not suitable for storing them. At the same time, the listed "inconveniences" are certainly temporary. For the state, the denomination is beneficial in that it will reduce government spending for the maintenance of cash.
An important feature of the denomination is the fact that the process in no way affects the purchasing power of the Belarusian ruble. The current exchange rate of the national currency will be equal to the exchange rate of the Belarusian ruble without zeros. Thus, the ratio of the Belarusian ruble to the dollar will be approximately 2 to 1.
As mentioned above, the denomination of the Belarusian ruble is officially set for July 1, 2016. The main process of exchanging old banknotes for new ones will take place until December 31 of the current year. Further, for three years, until December 31, 2019, the Belarusian ruble of the 2000 sample will be in without fail accepted for payment by all institutions and subjects. Thereafter National Bank The Republic of Belarus will accept previous money for another 2 years - until December 31, 2021.
The National Bank has made a decision that allows banks not to serve customers on the day of the denomination and the first day after. This decision is justified by the fact that banks need to reconfigure the software and recalculate on customer accounts. Also, on the day of the denomination, the system of automated interbank settlements will not work.
The main difficulty for bank customers on July 1 and 2 will be the inability to transfer cash from one bank to another.
The regulator drew attention to the fact that difficulties may arise with other operations: settlements using payment cards, accepting payments on loans, etc.
The general theme of the new banknotes is "Maya Krayina - Belarus". Each banknote corresponds to a certain region of the country and separately to Minsk. The ratio between the face value and the region is arranged in alphabetical order. Thus, the image of a banknote with a face value of 5 rubles 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 Minsk.
As for the coins, the front side (obverse) will depict the State Emblem of the Republic of Belarus, on the reverse side (reverse) - the digital face value of the coin.
Prices and services from July 1, 2016 will be formed on a scale of 1:10,000. good example pricing, you can bring a product, the cost of which before the denomination was 300,000 rubles. After the financial transaction The goods will cost 30 rubles.
In order to make it easier for consumers to adapt to the new monetary circulation, from July 1 to December 31, 2016, all business entities are required to indicate two prices on the price tag: new and old. Some retail chains and other business entities began to do this from April 1, 2016.
Remarkably, when recalculating salaries, pensions, benefits, institutions and organizations will adhere to a similar principle of indicating prices.
From April 1, on the recommendation of the Ministry of Trade, new price tags began to appear in stores indicating the price of goods in two forms: current and after denomination. So, on the price tag, next to the current value, the “new” value after the denomination is indicated. One of the first to initiate changes was the Radzivillovsky grocery store, which is located in the Stolitsa shopping center. His example was followed by other popular retail chains in Minsk and other cities.
