Bel the ruble was growing against the ruble. Monetary unit of Belarus
It is difficult to imagine, but in the very center of the Belarusian capital, practically on the main square of the city, there is a monstrous place, in comparison with ...
Following Russia: the collapse of the Belarusian ruble, they do not want to accept credit cards in computer stores
One after another, the currencies of all countries that are economically tied to Russia collapse. It's the turn of Belarus. I came here to my relatives on August 16, ...
The largest house in the former USSR west of Moscow and the darkest secrets of the German occupation
Walking around the Belarusian city of Mogilev, I suddenly saw a colossal monumental building in the very center. This monster does not fit at all ...
Kind "little green men" four hours drive from Kiev
I love "little green men", because I myself was "green" for three long years of military service (and served here) and this without ...
Brest Fortress: Soviet-fascist parade, two assaults and a Jewish ghetto (Belarus)
Never before has it been so difficult for me to write an article about the city that I happened to visit. Brest, which we know thanks to the heroic defense ...
Redneck and torture of passengers with locked toilets at customs in Brest (Belarus)
I thought that there is no such thing, at least in Belarus. I mean the chaos and the mess at the customs in Brest, which I ran into late yesterday ...
By train from Minsk to Vilnius using a simplified scheme
Today I had a chance to ride on the international diesel "Minsk - Vilnius", which runs twice a day (morning and evening) between two ...
I love coming to Belarus, everything is somehow nice here and at home. Just do not remind about politics, too lazy to discuss it (politics), my ...
Despite the difficult economic situation that has been haunting Belarus for several years, Belarusian ruble is still holding on to its original place, performing the function of an independent banknote, soldered into the order of the process of buying and selling consumer goods since the first years of independence of the Republic of Belarus, in the literal sense. Sooner or later, the Soviet ruble, which lived for some time after the collapse of the USSR into separate states, was obliged to burn up its resource and disappear, for lack of an issuer who was previously responsible for this currency. In 1992, the ruble lived its last days, and then the Belarusian government decided to create not banknotes, but a special kind of coupons. Coupons turned into banknotes ruble of Belarus... with registration of the Central Bank of Belarus.
Designation
for national currency- Br. This is on the carriers of the banknote, but in financial and electronic use, in banks, exchange offices, on the stock exchange, its name is abbreviated - BYR.
Exchange Belarusian ruble exchange rate per Soviet ruble, had a ratio of 10 to 1, in favor of the newborn currency. Officially, at a high level, negotiations were held between Belarus and the Russian Federation on the introduction of the Russian ruble into the economy of the first. In practice, for many years the negotiations have not been moving forward.
The face value of banknote groups has expanded, and now, it has prices from 10 BYR to 100 thousand BYR. Intermediate groups mean bank notes with a cost of 20, 50, 100, 500 rubles, and 1, 5, 10, 20, 50, 100 thousand rubles.
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From July 1, 1992, operations began in non-cash Belarusian rubles. In January 2004 and July 2005, banknotes of 1 and 5 Belarusian rubles were withdrawn from circulation. Banknotes of the National Bank of 2000 in denominations of 100, 500, 1000, 5000, 10,000 and 20,000 rubles, along with modified banknotes, remain in circulation on the territory of the Republic of Belarus.
On January 1, 2000, another denomination of the ruble (1000 times) was carried out in Belarus, designed, among other things, to stabilize the national currency. The ruble, introduced in 2000, had no change in currency. According to Petr Prokopovich, Chairman of the Board of the National Bank of the Republic of Belarus, the Belarusian ruble was supposed to become fully convertible in 2010.
Belarusian ruble as they call
There is money called "Belarusian rubles". The way to transfer money from Russia to Belarus is simply to open an account in some joint Belarusian Belarusian history, the first Belarusian money was decided to be called talers, and bargaining chips pennies. The image of a hare was placed on the first Belarusian ruble, which is why the Belarusian rubles were called “bunnies”.
Belarusian ruble (Belarusian.
ruble ISO code - BYN, before January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) - official currency Belarus. Symbol - Br. Banknotes of the 2000 model with denominations of 100, 500, 1000, 5000 are gradually being withdrawn from circulation.In 1992-1994, the Belarusian ruble was introduced in the ratio of 1 Belarusian ruble (1992 issue) for 10 Soviet rubles. The National Bank explained this as one of the protection against counterfeiting and called such an inscription a "graphic trap". Belarusian ruble (ISO BYR code, up to 2000 - BYB) is the official currency of the Republic of Belarus. Abbreviated as Br. 1 Belarusian ruble is formally divided into 100 kopecks (Belarusian kapeyka). The main attractions here are Belovezhskaya Pushcha, the Brest Fortress, the Bolshoi Theater (Minsk), the Vitebsk Town Hall, the Chagall House-Museum, Khatyn, Nesvizh. The national currency today is the Belarusian ruble, but this was not always the case. Belarusian rubles are called bunnies because of an accident. All because of the drawings on the checkout tickets. Animals were depicted on the first banknotes of the Republic of Belarus.
Belarusian ruble: Interesting Facts... What is the name of the currency in Belarus? Another fact: Belarusians sometimes call their currency "bunnies". This is because the 1 ruble bills issued in 1992 featured a hare. The Belarusian ruble is the official currency of the Republic of Belarus. Bank code- BYR. A hare was depicted on the 1 ruble banknote, as a result of which money is still popularly called "bunnies". Deputy Chairman of the Board of the National Bank Matyushevsky Vasily called this fact a rather significant event. recent times there is interest in the Belarusian ruble as an investment object. they also have a ruble, but Belarusian. Previously, they were called "bunnies" - there was a hare on the ruble, and other animals on the others. The table shows the main denominations of dollar bills and the equivalent in Belarusian rubles. Find out about the history of money and what the banknotes of the Belarusian ruble look like. The most expensive cars in repair and maintenance have been named. The meaning of the phrase "Belarusian ruble". Belarusian ruble (Belarusian ruble ISO code - BYN, before January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) is the official currency of Belarus. In the international banking system the currency of Belarus received the BYR code.
Sometimes Belarusian rubles are affectionately called "bunnies", because the first national denominations of 1 ruble depicted a hare. If you exchange the Belarusian ruble tomorrow on 04/14/2018, then for 1 BYN you can get 30 rubles 17 kopecks (30.17 rubles) To convert another amount of the Belarusian ruble to the ruble, enter the required amount in the form and click Convert. The Belarusian ruble cannot be called a freely convertible currency. And, in fairness, it should be noted that today the official rate of the national currency of Belarus is greatly overvalued in relation to the real one. Why is the ruble no longer called a bunny in Belarus? Should we rename the Belarusian ruble to the Belarusian dollar? Why is the Russian ruble called "wooden"? Belarusian ruble (BYB) Belarusian ruble (BYR) Belarusian ruble (BYN) Deputy Chairman of the Board of the National Bank Vasily Matyushevsky called this fact a rather significant event: Some people call the Belarusian ruble a "bunny": this beast was depicted on a 1 ruble banknote, developed in 1992. Now it is also sometimes called "squirrel" - in consonance with the name of the currency. The Belarusian ruble is just beginning its journey along a long winding path to a wide currency highway, so it can boast of only modest achievements. ISO code - BYR, digital - 974. As the press service of the National Bank reported today, not only the number of zeros will change, but also the international designation of the Belarusian ruble. From now on, the ruble will have a letter code BYN. BY - country code, and N - from the word "new", that is, "new". Previously, the "bunny" was called BYB Currency name: Belarusian ruble, BYR (Br). Country of circulation: In circulation in the Republic of Belarus. Convertibility. 8 comments in total. 03/24/2018 Ruben: You have already understood why Belarusian rubles are called "bunnies". Belarusian ruble (Belarusian ruble ISO code - BYN, before January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) is the official currency of Belarus. Symbol - Br. In circulation there are banknotes in denominations of 5, 10, 20, 50, 100, 200 and 500 rubles The Belarusian ruble is the official currency of Belarus. The denomination of the Belarusian ruble took place on 07/01/2016. In the early 1990s, Belarus is gradually abandoning the Soviet ruble. The Belarusian ruble is the currency of Belarus. Financial articles on finance.blr.cc. Until 1995, the Belarusian ruble had an image of animals on its banknotes, which is why they were nicknamed Belarusian bunnies- hares were depicted on the 1 ruble banknote. - In our bank minimum amount in Belarusian rubles - 100 rubles, in foreign currency - 100 dollars or euros, in Russian rubles - 5000 rubles. And when the children were asked why the old Belarusian money was called “bunnies”, one schoolgirl timidly clarified: “And this is the Belarusian ruble (Belarusian. ruble, ISO code BYR, before 2000 - BYB) is the official currency of Belarus. Abbreviated as Br. 1 Belarusian ruble is formally divided into 100 kopecks (Belarusian kapeyka). By design, Belarusian "bunnies" very much resembled temporary Lithuanian coupons, which are popularly nicknamed "Vagnorki" - by their surnameDescription >>> Most researchers consider the so-called "Constantine ruble" to be the most expensive and rare Russian coin. In Belarus, their own rubles are in use. They are similar to Russian ones only in name, and then, locals often call them “bunnies.” Since July 1, 2016, the ISO code of the Belarusian ruble is BYN (before that it was BYR). Belarusian ruble (Belarusian ruble ISO code - BYN, before January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) is the official currency of Belarus. Symbol - Br. Another example of Belarusian bilingualism is banknotes in denominations of 50,000 rubles in 2000 and 2000 The National Bank commented on this fact as one of the protections against counterfeiters, the so-called "graphic trap". AnswersMail.Ru: Why Belarusian rubles are nicknamed In Belarus (locals say “Belarus”) the Belarusian ruble is in circulation. They are similar to Russian ones only in name, and even then, Belarusians often call their currency “bunnies”. Where did this Belarusian ruble come from, the official currency of the Republic of Belarus. The bank code is BYR. There was a hare on the ruble banknote, which led to the fact that all Belarusian money was popularly called “bunnies”. The Belarusian ruble (Belarusian ruble, ISO BYR code, until 2000 - BYB, from July 1, 2016 - BYN) is the official currency of Belarus. Symbol - Br. In circulation there are banknotes in denominations of 100, 500, 1000, 5000, 10,000, 20,000, 50,000, 100,000 and 200,000 rubles.
Subsequently, a logical decision was made to call the new monetary units rubles. Belarusian rubles entered circulation in May 1992. At first it was only cashless payments... Since then, the so-called Belarusian ruble has appeared. It should be noted that the name "ruble" was chosen at a special meeting of the highest government agencies, in the presence of top officials. This happened during the formation of the Belarusian ruble as From July 1, 2016, the Belarusian ruble will change its international designation from BYR to BYN. This is reported by the Swiss Agency for the Promotion of International Standard. For some time, Soviet rubles were used in Belarus, and on May 25, 1992, independent money of an independent country appeared - Belarusian rubles are true, in some places salaries were given partly with new money, and partly with old money. You have already understood why Belarusian rubles are called "bunnies". Because a bunny was depicted on the one ruble bill (1992, the first paper money of Belarus). It seems to me that it was very good idea Legendary, enchanting, beautiful and painfully native Belarusian "bunnies". Or "squirrels", as they are sometimes also called. Just as in the USSR, the Soviet ruble was called "wooden". The Belarusian ruble (Belarusian ruble, ISO BYR code, until 2000 - BYB, from July 1, 2016 - BYN) is the official currency of Belarus. Symbol - Br. In circulation there are banknotes in denominations of 100, 500, 1000, 5000, 10,000, 20,000, 50,000, 100,000 and 200,000 rubles.
The word "squirrels" in the name of the Belarusian ruble can be associated with the word Belarus or the Belarusian ruble. After all, it is consonant with "squirrel - Belarus". That is why Belarusian money is called proteins. What else is an iron called in Belarus? 19. Do you know who the bastard, wren and znaidun are? The Belarusian ruble is strengthening for the second day in a row 2. A large-scale exhibition of Belarusian goods "Made in Belarus" is taking place in Kiev 13. Find out what the currency is called in Belarus? How much is one Belarusian ruble translated into Russian rubles? The second fact is that many citizens of the country are used to calling their own currency "bunnies". The past and the present of the Belarusian currency: its ups and downs. Currency name: Belarusian ruble, BYR (Br). Figure 6. First Belarusian money: "Bunnies". People called them "bunnies". The Belarusian currency deserves no less attention. So, what is the name of money in Belarus at the present time? Finally, it is necessary to clarify why Belarusian rubles are still called squirrels or bunnies. The most complete history of the appearance of the Belarusian ruble from the moment of the appearance of banknotes with animals to modern currency. Year after year, note by note. The Belarusian ruble is the official currency of Belarus. ISO code BYR, until 2000 - BYB. An interesting fact: it is known that among the people, Belarusian rubles are called "bunnies". Belarusian rubles are called bunnies because of an accident. All because of the drawings on the checkout tickets. On the first banknotes of the Republic of Belarus, animals were depicted. Denominations of the Belarusian ruble, banknotes and banknotes of the Belarusian ruble, 5, 10, 20, 50, 100, 200, 500 Belarusian rubles.
Useful:
It takes a year, a century, a millennium. Much remains in the past - and along with this many bunnies disappear into oblivion. The first (or maybe the last?) Belarusian currency, which existed for such a short time and left behind so few good memories - and so many funny ones ... Let's leave aside the debate about whether her appearance was for good or for evil, and take a look at the slender rows and thick bundles ... just bills, which will soon be gone with us.
How do bunnies begin?
From the Soviet ruble! Yes exactly. From the hard, although by that time already pretty much beaten by life and permanent revolutions, the Soviet ruble. Which was at the time of the appearance of our cute hares, in 1992, the only legal tender in Belarus. And "bunnies" were not such a means. They were let into the people, happily informing that the bunny is so, simply because of the lack of paperwork, temporarily and for a short time, until everything settles down, and while the cute animals are running around, they will amuse the eyes.
True, the consolation for the eye turned into a charge for the mind. The newly arrived animals were also, you see, not enough, and breeding it cost a pretty penny. Therefore, the first hares cost ten rubles each. Here it is, the golden age of Independence! The hardest currency is coming! Do not believe your eyes: this is not one hare, but a whole herd; do complex calculations in your mind and add five rubles with one hare to pay for a fifteen-ruble piece of sausage!
Grandmothers, who had forgotten during the Soviet era what Kerenki were, with tears in their round eyes, counted multi-colored candy wrappers that did not differ in size, mixed with such familiar, but now so strange Soviet chervonets, and fiercely swore with the cashiers who confused change - in fairness to say , not always in their favor ...
The first embarrassment
That is how they were - "bunnies" that gave the name to the Belarusian money. The name still lives on, despite the fact that the bunnies themselves became extinct in time immemorial.
But what is it? Is it not an optical illusion of sight? Some kind of deja-vu ... something for a long time, from childhood painfully familiar peeps through in a hare portrait ... - And it's true! Here it is, the original, the prototype, the historical ancestor of our dear hare! Do you recognize?
Yes, he is. Year of birth about 68, but I'm afraid to say for sure. Works of the animal painter Komarov. Rushing through the snow from the happy Soviet times to enter History. I wonder if copyright is respected? What deductions could be received from the National Bank of Belarus - maybe enough for rabbit fur coats for the whole family! However, let's not overly moralize. In the end, history took its toll: the money that started life with postage stamps quickly became them.
And here is the second character in our story. Of course, logic demands to call him the first - or rather her, the girl after all - but it didn't work out, it didn't work out ... And by the way, who is that there, on the right, in a cap ?! Just about, these were the ideas of the people about the morality of their own money. People understood that our currency would be sold to the green zmi .. sorry, the dollar, that the animals would be showered with colorful confetti, which was expressed by various available means. Like this, for example.
By the way, the squirrel is an interesting precedent: it is probably the world's first paper coin! Of course, a generation of new Belarusians is growing up, who does not know the ringing of little things in their pockets, but we, we remember: 50 kopecks is so round, iron, ringing, five glasses of tomato juice (salt is free in a jar) ... the first appearance of the squirrel was called five rubles, but what is written with a pen - you can't knock it out ... I wonder what played a decisive role in the rapid extinction of a native animal - sexual harassment from its own tail or the awareness of the flawed non-metallic realization of a metallic essence?
- however, it doesn't matter, and the squirrels left us first, I remember, in 1996. Correct me, fellow scholars!
But man does not live by a single squirrel! We also had valuable fur animals. Which fur coat is warmer - beaver or wolf? Hey, hunters! Where are the beavers, where are you? Vaўki groove !!! left us to the mercy of fate.
But the rumor of a green (with longing, you see) beaver dubbed the "Belarusian buck". In general, they were strange animals. Somehow there were few of them. There were crowds of hares, squirrel skins battered by moths flew all over the city, but staid beavers and blue wolves proudly, in English, left without leaving a trace: there were none… By the way, like lynxes and elks. However, moose, like herbivorous animals, multiplied in somewhat larger numbers and reminded of themselves longer.
But there was even a saying: "do not have a hundred lynxes, but have a hundred moose!" We respect the elk, strong and great, ...
but that did not save him either.
Inflation set in ...
Quite a long time two hundred and fifty rubles elk was the largest "razlikovy bilets". But this could not last forever. Soviet money disappeared after a quiet life, salaries were given almost exclusively by lynxes and other animals, and there were not enough animals. At first, it looked too impressive against the background of Soviet hundred-ruble stones and therefore, apparently held in reserve, waddlingly came out into the light of a bear - the king of the forests ... of others.
Oh, the history of money printing did not know such embarrassment! Such a puncture ... but it's like printing a portrait of the First President Lukashenko on a dollar! I wonder what penalties were applied to the perpetrators? Fines? Dismissal from work? blacklisting? … What I'm talking about? - peer, peer into this beast! Appreciate his light figure, noble Nordic profile! Here is Ursus Americana, the American baribal bear in person! Was its appearance on the national currency of sovereign Belarus an ideological sabotage, a Masonic conspiracy or a pilot project for the acclimatization of this species in our forests? No, rather trivial bungling. For the story of the bear is very similar to the story of the hare. For the first time this baribal saw the light from the pages of the Czech encyclopedia "From Agama to Shark", published in 1978. This book must be, incidentally, rare, and is now on the shelf of an unnamed artist. But even the foreign origin did not save the bear from extinction, which clearly confirms the well-known truth: an alien element spoiled by foreign upbringing cannot take root on our land.
The last beast that ran out of our wallets into infinity was the bison. He seems to be real. And, like an animal powerful and sturdy, it held out the longest: even at the end of 1998 and even at the beginning of 99, there were some specimens, and the bison, it seems, is the only animal that has survived until the appearance of million dollar bills. But neither natural power, nor an admixture of hot Caucasian blood (let me remind you that the Caucasian bison was used after the war to restore the population of the Bialowieza bison) saved him: the bison died out like a mammoth. Neither the master's hunts, nor the revolution, nor the Patriotic War exterminated him, but Belarusian economy turned out to be stronger. And the bison fell.
To be continued…
Dynamics of the Belarusian ruble exchange rate
The Belarusian ruble is the national currency of the Republic of Belarus. The official ruble exchange rate is set by the National Bank of the Republic of Belarus, which since 2009 has been pegging the exchange rate to a currency basket consisting of the US dollar, the euro and the Russian ruble.
For a short designation of the Belarusian ruble, the text uses the symbol Br written before the amount. Letter code of the Belarusian ruble international standard ISO 4217 - BYN.
Belarusian ruble exchange rate calculator
This online calculator will help you convert the cost of the Belarusian ruble into rubles and vice versa. Enter the amount you need in the input field:
Belarusian ruble exchange rate chart
Information about the Belarusian ruble
The Belarusian ruble appeared after the abandonment of the Soviet one in the early 90s of the XX century.
During its existence, the ruble has gone through several denominations, the last of which happened quite recently - in July 2016.
After this denomination, the old ISO-code of the ruble BYR changed to BYN(where the letter "N" is the initial letter in the word "new", which means "new")
Until December 31, 2016 in Belarus, you can pay with both old and new money. Even after this moment, old bills can be exchanged for new ones without restrictions and commissions, and on January 1, 2022 banknotes the old model will become invalid.
Belarusian ruble exchange rate history by years
Maximum exchange rate of the Belarusian ruble over the past 10 years was November 15, 2016 and amounted to 33.6875 rubles. for Br1, the minimum was June 30, 2016 and was equal to RUB 0.0032.
The average value of the exchange rate during this time is 6.2996 rubles, which is 80% less than the current value.
Year | Denomination | Course at the beginning | Course at the end | Minimum | Maximum |
---|---|---|---|---|---|
2018 | 1 | 28.2996 from 10.01.2018 | 30.9258 from 05.06.2018 | 28.2278 from 01/11/2018 | 31.4521 from 05/04/2018 |
2017 | 1 | 30,5826 | 29,1013 | 28,9845 | 31,2337 |
2016 | 1 | 0,0039 | 30,9474 | 0,0032 | 33,6875 |
2015 | 10 000 | 38,7846 | 38,9476 | 34,5067 | 45,4440 |
2014 | 10 000 | 34,2334 | 38,7989 | 32,9712 | 58,5616 |
2013 | 10 000 | 35,1490 | 34,3073 | 34,2374 | 37,6435 |
2012 | 10 000 | 37,6303 | 35,3376 | 35,2230 | 40,6199 |
2011 | 10 000 | 101,1350 | 38,5582 | 34,2284 | 101,5420 |
2010 | 1 000 | 10,5395 | 10,1556 | 9,7091 | 10,5546 |
2009 | 1 000 | 13,3537 | 10,6083 | 10,2926 | 13,3537 |
Citizens of Belarus get used to new banknotes and weaned to be "millionaires"
Photo: Victor Drachev / TASS
On July 1, 2016, the denomination started in Belarus. President of Belarus Alexander Lukashenko signed a corresponding decree on November 5, 2015. How the Belarusian ruble started a new life without four zeros - in a special report from Banki.ru from Minsk.
The denomination in Belarus is going on quite calmly. Apparently, the preparation process, which officially began in the fall of 2015, is making itself felt. Then the journalists were shown new money, they were even allowed to touch and photograph. And the banks were given recommendations for the denomination.
Just a few weeks after the announcement of the denomination, the media reported that some "enterprising citizens" went to lonely pensioners to exchange old money for "new" money, but law enforcement agencies quickly explained to the population how to behave in this situation.
Perhaps the criminal aspect has become the only negative moment in the process of “cutting off zeros” from the national currency in Belarus. On the night of June 30 to July 1, the Belarusian ruble lost four zeros and changed the encoding. Now its code is BYN, not BYR.
In preparation for the denomination, the most stressful period was June: banks were finalizing software, made reconfiguration of equipment and training of cashiers.
- stock up on cash for the first two or three days;
- pay in advance for communication services and the Internet, make payments on loans, make tax and other payments (the peak of utility bills in Belarus falls on the 20th-25th day of the month, after which the bases are blocked).
Also, the National Bank and Belarusian banks explained that on the night of the denomination:
- all cards issued by Belarusian banks (in all currencies) will stop working on the territory of all countries;
- operations in RBS channels will be unavailable, ATMs, self-service terminals and terminal equipment will “freeze”.
Cash at ATMs quickly dwindled, but in general, banks were quite successful in dispensing a large amount of cash. True, there were some curiosities - some took off all their savings from the cards. So, just in case.
On the night of the denomination, at 23:00 on June 30, banking life in Belarus came to a standstill. ATMs, self-service kiosks, remote banking services... At that moment, hundreds of specialists in Belarusian banks were reconfiguring electronics.
By 10 o'clock in the morning on July 1, most of the ATMs of Belarusian banks were already fully functioning. And they gave out new paper money to clients. So far, everything is much more complicated with coins, ATMs are simply not configured to work with them. A whole generation has already grown up in Belarus, which does not know what coins are, the last metal money disappeared from circulation with the collapse of the USSR. By the way, new Belarusian banknotes, and the new Belarusian coins are very similar in design to the euro.
Certain questions arose with remote banking systems. Some banks have taken a timeout to reconfigure.
Officially, the National Bank of Belarus allowed credit institutions do not work with clients on the day of denomination. However, already in the first hours of July 1, round-the-clock exchange offices (in particular, at train stations) began to issue new money. Cash collectors are now delivering new banknotes and coins to trade and service organizations throughout the country.
The excitement is observed only on the part of young people and journalists who are hunting for new banknotes. As cashiers in ordinary and online stores admit, so far almost everything is paid with old money. There were no unforeseen excesses. It can be stated that the preparation for the denomination took place at a fairly high level and Belarus is slowly switching to new means of payment.
By the way, the new banknotes - a sample of 2009 (all these years they were kept in the depository of the National Bank of Belarus). These banknotes bear the signature of Pyotr Prokopovich, who left the post of the head of the Belarusian regulator more than five years ago, in the spring of 2011. Also important is the psychological aspect of the denomination - the inhabitants of Belarus are accustomed to the fact that they are "millionaires". average salary in the country amounted to 6-7 million rubles (about 20 thousand. Russian rubles). Now they will have to part with the status of “millionaires”. 1 million old rubles is 100 new. For 1 dollar they ask for 2 new Belarusian rubles, for 1 Russian ruble they give 3 new kopecks. But so far, no one complains about this.
Until the end of the year, price tags in Belarusian stores will be in both old and new money.
And the denomination will continue. Old rubles will officially go on a par with new ones until December 31, 2016.
How is the Belarusian ruble gaining ground? To this question "AiF" asked to answer Candidate of Economic Sciences Elena SEMAK.
Semak Elena Adolfovna - Associate Professor of the Department of International economic relations Faculty of International Relations, Belarusian State University.On exchange rate(i.e. the ratio of the price of the national currency to the foreign one, for example, the Belarusian ruble to the dollar) is influenced by the supply and demand for foreign currency. Businesses that buy goods for import, as well as the population, need dollars and euros for tourist trips abroad or for savings. At the beginning of 2017, the volumes of currency purchased by these two categories decreased.
According to the National Bank, in January of this year, business entities - residents of the Republic of Belarus, bought more currencies than they sold, the difference amounted to USD 13.1 million. This is much less than in January last year, when this excess was USD 198.2 million.
At the same time, our exporters have increased their revenue. Compared to January 2016, sales volume foreign currency Belarusian enterprises in the first month of 2017 grew by USD 262.7 million. According to the expert, this indicates a possible improvement in the state of Belarusian foreign trade.
Thus, the first factor that influenced the strengthening of the Belarusian ruble was an increase in supply and a decrease in demand for foreign currencies on the part of business. It is also necessary to add: Belarusian enterprises prefer to buy foreign currency from banks (on the over-the-counter market). On the Belarusian Currency and Stock Exchange (BCSE) they purchased only USD 14.3 million, while outside the exchange - USD 1,278.1 million. Namely, exchange rates are set on the exchange.
The second factor, according to the expert, was the high level of spending of the population during the holidays (dollars were exchanged for rubles, for which goods for the feast were then bought), the third factor was low level income, which forces the population to spend foreign exchange savings.
Another aspect is political: a sharp weakening of the European currency on the BCSE was largely due to the depreciation of the euro against the US dollar in the Forex market. This is due to fears that the leader of the National Front, Marine Le Pen, may take the post of President of France, which, if victorious, could withdraw the country from the euro zone and initiate the return of the franc as the national currency of France.
According to Elena Semak, one should not forget that the Russian ruble is strengthening at the same time.
The Belarusian ruble exchange rate is determined by the sum (basket) of 3 currencies: euro, dollar, Russian ruble. And the share of the latter in the basket is 50%. Most of our foreign trade is connected with Russia, and in relation to the Russian ruble, the Belarusian is weakening.
What's the forecast?
Predicting further changes in the exchange rate is very difficult. At the end of 2016, most economists expected, at best, a gradual depreciation of the Belarusian ruble at the same rate as inflation. Further forecast The development of the Belarusian ruble exchange rate depends on the success of our foreign trade, growth or decline in household income and fluctuations in foreign exchange rates on world markets.
Summary
The following main factors influenced the strengthening of the Belarusian ruble:
- Increase supply of foreign currency in Belarus (due to various reasons: the successes of Belarusian exporters, the still low level of income of the population (people are forced to spend hard currency savings), etc.). When supply is higher than demand, the value of the product ( dollars and euros are also a kind of "commodity". - Note.) falls.
- Decrease business demand for dollars and euros;
- Seasonal factor (the population spends more currency during the New Year holidays).
After the denomination, you will have to pay 32 Russian rubles at once for 1 Belarusian ruble. Well, the Belarusian currency, after "cutting" four zeros, has become stronger? Konstantin Korishchenko, Professor of the Faculty of Finance and Banking, RANEPA answers
On July 1, a denomination took place in Belarus. The authorities "cut off" 4 zeros at once. We decided to find out from Konstantin Korishchenko, professor at the Faculty of Finance and Banking, RANEPA, former Deputy Chairman of the Central Bank of Russia, why this was needed and what it would give for the economy.
The transition period will take a whole five years
On July 1, the denomination of the national currency starts in Belarus. You should not be intimidated by the overseas word - in essence, this is an exclusively technical operation. The old-style banknotes are being replaced with new ones. In this case, four zeros will disappear from them.
- Why was the denomination of the Belarusian ruble needed?
In short, to simplify the economic turnover. Both in practical life and in calculations, extra numbers are an additional risk of making a mistake. Therefore, a large number of zeros created some discomfort and interfered with economic activity the state. This is the main goal of any denomination. Side - strengthening of the national currency rate in the state. Denomination increases its stability, removes excess money supply out of circulation.
- Why did you decide to cut exactly 4 zeros on banknotes, and not, say, 3?
At one time in Russia, they reduced 3 zeros - then there was such a scale of prices that it was more convenient to use a ratio of 1000: 1. Well, in Belarus, the scale of prices is different, accordingly, they adjusted to it.
- For 1 dollar now they give 2 Belarusian rubles. Is the Belarusian ruble stronger than the Russian one?
“Because a truck and a convertible are called a“ car, ”it doesn't follow that they drive the same or have the same power. The Belarusian ruble is not equal to the Russian ruble, so it is incorrect to compare their pairs with the dollar. Although this is a common everyday misconception.
- Maybe now to carry out a denomination in Russia?
And this, by the way, is a perfectly reasonable question. I think the authorities can come to this. For example, for a convenient settlement system, it is better when the exchange rate indicators in pairs are within 100. That is, if the dollar or euro, for example, will cost more than 100 rubles, this will be a reason for denomination. Although there is an example of Japan, where more than 100 yen is given for the dollar, and the government does not change anything. But this is rather an exception.
NEW COURSE
1 US dollar - 2.0053;
1 euro - 2.2210;
100 Russian rubles - 3.1212;
1 lion - 1.1366;
100 hryvnia - 8.0647;
10 PLN - 5.0248;
100 yen - 1.9523;
10 Chinese yuan - 3,0167;
10 Turkish lira - 6.9252;
1 pound sterling - 2.6880;
100 Czech crowns - 8,2059;
1 Swiss franc - 2.0467.
Prepared by Alexandra Kozlova
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