Bel ruble to ruble growing. Monetary unit of Belarus
It's hard to imagine, but in the very center of the Belarusian capital, almost on the main square of the city, a monstrous place is located, in comparison with ...
Following Russia: the collapse of the Belarusian ruble, in computer stores do not want to accept credit cards
One after another, the currencies of all countries that are economically tied to Russia collapse. Came the turn of Belarus. I came here to relatives on August 16, ...
The largest house in the former USSR west of Moscow and the gloomy secrets of German occupation
Walking around the Belarusian city of Mogilev, I suddenly saw a colossal-sized monumental building in the very center. This monster absolutely does not fit ...
Good "green men" four hours drive from Kiev
I love the "green men", because I myself was "green" for three long years of army service (and served here) and this is without ...
Brest Fortress: Soviet-Fascist Parade, Two Assaults and the Jewish Ghetto (Belarus)
It has never been so hard for me to write an article about a city that I visited. Brest, which we know thanks to heroic defense ...
Slavery and torture of passengers with locked toilets at a customs office in Brest (Belarus)
I thought that this, at least in Belarus, no longer exists. I mean the lawlessness and the mess at the customs in Brest, which I encountered late yesterday ...
By train from Minsk to Vilnius according to a simplified scheme
Today I had a chance to ride on the international diesel engine Minsk - Vilnius, which runs twice a day (morning and evening) between two ...
I like to come to Belarus, somehow everything is nice here and at home. Just do not remind about politics, it’s too lazy to discuss it (politics), to me yours ...
Despite the difficult economic situation that has plagued Belarus for several years, belarusian ruble still holds on to its original place, performing the function of an independent banknote, soldered into the order of the process of purchase and sale of consumer goods from the first years of independence of the Republic of Belarus, literally. Sooner or later, the Soviet ruble, who lived some time after the collapse of the USSR into separate states, was obliged to burn out its resource and disappear, in the absence of the issuer, who was previously responsible for this currency. In 1992, the ruble lived its last days, and then the Belarusian government decided not to create banknotes, but a special kind of coupon. Coupons turned into banknotes belarusian ruble. with the design of the Central Bank of Belarus.
Designation
for national currency - Br. This is on the media of the banknote, and in financial and electronic everyday life, in banks, exchange offices, on the stock exchange, its name is written in abbreviation - 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 underway between Belarus and the Russian Federation on introducing the Russian ruble into the economy first. In practice, for many years negotiations have not moved off the ground.
The face value of banknote groups has expanded, and now it has prices from 10 BYR to 100 thousand BYR. Intermediate groups include bank tickets 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, with face values \u200b\u200bof 100, 500, 1000, 5000, 10 000 and 20 000 rubles, along with modified bank notes remain in circulation in the territory of the Republic of Belarus.
On January 1, 2000, another ruble denomination (1000 times) was made in Belarus, which was called, inter alia, to stabilize the national currency. The ruble, introduced in 2000, did not have exchange units. According to the Chairman of the Board of the National Bank of the Republic of Belarus Pyotr Prokopovich, the Belarusian ruble was supposed to be fully convertible in 2010.
belarusian ruble as they call
There is money that is called “Belarusian rubles”. The way to transfer money from Russia to Belarus is to open an account in some kind of joint Belarusian. Remembering the rich Belarusian history, we decided to call the first Belarusian money thalers, and small change coins pennies. On the first Belarusian the ruble placed an image of a hare, which is why the Belarusian rubles were nicknamed "bunnies."
Belarusian ruble (belor.
ruble ISO code is BYN, until January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) - the official currency of Belarus. The symbol is Br. Banknotes of the year 2000 with a face value of 100, 500, 1000, 5000 are gradually withdrawn from circulation. Initially, 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 fakes and called this inscription a "graphic trap." Belarusian ruble (ISO code BYR, before 2000 - BYB) - the official currency of the Republic of Belarus. Shortens as Br. 1 Belarusian ruble is formally divided into 100 kopecks (Belor. Kapeyka). The main attractions here can be called Belovezhskaya Pushcha, the Brest Fortress, the Bolshoi Theater (Minsk), the Vitebsk Town Hall, the Chagall House-Museum, Khatyn, Nesvizhsky.The Belarusian currency is today the national currency, but this was not always the case. Belarusian rubles are called bunnies due to chance. All because of the drawings on the settlement tickets. The first settlement bills of the Republic of Belarus depicted animals.
Belarusian ruble: interesting facts. What is the name of the currency in Belarus? Another fact: Belarusians sometimes call their currency “bunnies”. This is because on the banknotes in denominations of 1 ruble issued in 1992, a hare was depicted. The Belarusian ruble is the official currency of the Republic of Belarus. The bank code is BYR. On a banknote of 1 ruble a hare was depicted, as a result of which people still call money “bunnies”. Matyushevsky, Deputy Chairman of the Board of the National Bank, called this fact quite a landmark event. Recently, interest has been shown 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, others - other animals The table shows the main denominations of dollar bills and the equivalent in Belarusian rubles. Read the history of money and what the banknotes of the Belarusian ruble look like. Named the most expensive cars to repair and maintain. The meaning of the phrase "Belarusian ruble." The Belarusian ruble (Belorussian ruble ISO code is BYN, until January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) - the official monetary unit of Belarus. In the international banking system, the currency of Belarus received the code BYR.
Sometimes Belarusian rubles are affectionately called “bunnies,” because a hare was depicted on the first national banknotes in denominations of 1 ruble. If you exchange the Belarusian ruble tomorrow 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 Transfer. The Belarusian ruble cannot be called a freely convertible monetary unit. And, in fairness it should be noted that today the official rate of the national currency of Belarus is greatly overvalued against the real one. Why is the ruble no longer called a bunny in Belarus? Shouldn't the Belarusian ruble be renamed to Belarusian dollar? Why is the Russian ruble called "wooden"? Belarusian ruble (BYB) Belarusian ruble (BYR) Belarusian ruble (BYN). Deputy Chairman of the National Bank Vasily Matyushevsky called this fact quite a landmark event :. The people call the Belarusian ruble part “bunny”: this beast was depicted on a banknote of 1 ruble value, developed in 1992. Now it is also sometimes called "squirrel" - in harmony with the name of the currency. The Belarusian ruble is just starting its way along a long winding path to a broad currency highway, so it can boast only modest achievements. The ISO code is BYR, the digital one is 974. According to the press service of the National Bank, not only the number of zeros, but also the international designation of the Belarusian ruble will change. From now on, the ruble will have the letter code BYN. BY is the country code, and N is from the word “new”, that is, “new”. Previously, the “bunny” was called ВYB. Currency name: Belarusian ruble, BYR (Br). Country of travel: In circulation in the Republic of Belarus. Convertibility.Total 8 comments. 03/24/2018 Ruben: You already understand why Belarusian rubles are called “bunnies”. The Belarusian ruble (Belorussian ruble ISO code is BYN, until January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) - the official monetary unit of Belarus. The symbol is Br. Banknotes of 5, 10, 20, 50, 100, 200 and 500 rubles are in circulation. The Belarusian ruble is the official currency of Belarus. The denomination of the Belarusian ruble passed on 07/01/2016. In the early 1990s, Belarus gradually abandoned 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 called Belarusian bunnies - on a banknote denominated in 1 ruble, hares were depicted. - In our bank, the minimum amount in Belarusian rubles is 100 rubles, in 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 said: “And This is the Belarusian ruble (Belorussian ruble, ISO BYR code, before 2000 - BYB) - the official currency of Belarus. Shortens as Br. 1 Belarusian ruble is formally divided into 100 kopecks (Belor. Kapeyka). By design, the Belarusian “bunnies” very much resembled temporary Lithuanian coupons, which the people nicknamed “vagnorki” - by the last name. Description \u003e\u003e\u003e Most researchers consider the so-called “Konstantin ruble” to be the most expensive and rare Russian coin. In Belarus, their rubles are in use. They are similar to Russian only in name, and local people often call them “bunnies.” From July 1, 2016, the ISO code is BYN (before that it was BYR). The Belarusian ruble (Belorussian ruble ISO code is BYN, until January 1, 2000 - BYB, from January 1, 2000 to July 1, 2016 - BYR) - the official monetary unit of Belarus. The symbol is Br. Another example of Belarusian bilingualism is represented by banknotes in denominations of 50,000 rubles of the 2000 model and the 2000 sample. The National Bank commented on this fact as one of the defenses against counterfeiters, the so-called “graphic trap”. Answers Mail.Ru: Why the Belarusian rubles were nicknamed In Belarus (locals say “Belarus”), the Belarusian ruble is in circulation. They are similar to the Russian ones only in name, and then, Belarusians often call their currency “bunnies”. Where did the 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 (Belorussian ruble, ISO BYR code, until 2000 - BYB, from July 1, 2016 - BYN) - the official currency of Belarus. The symbol is 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 currency units rubles. The Belarusian rubles were put into circulation in May 1992. At first it was only cashless payments. Since then, the so-called Belarusian ruble has appeared. It is worth noting that the name “ruble” was chosen at a special meeting of the highest state bodies, 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 was reported by the Swiss Agency for the Support of the 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 they paid wages partially with new money, and partially with old. You already understood why Belarusian rubles are called “bunnies”. Because on the one ruble note (1992 the first paper money of Belarus) a bunny was depicted. It seems to me that this was a very good idea Legedary, enchanting, beautiful and painfully native Belarusian “bunnies”. Or "squirrels," as they are sometimes called. Also, as in the USSR, the Soviet ruble was called "wooden." The Belarusian ruble (Belorussian ruble, ISO BYR code, until 2000 - BYB, from July 1, 2016 - BYN) - the official currency of Belarus. The symbol is 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 “proteins” in the name of the Belarusian ruble can be associated with the word Belarus or the Belarusian ruble. Indeed, it is consonant with the same "protein - Belarus." That is why Belarusian money is called protein. What else is called an iron in Belarus? 19. Do you know who the bajstryuk, hives and zaydun are? The Belarusian ruble is strengthening for the second day in a row 2. In Kiev there is a large-scale exhibition of Belarusian goods “Made in Belarus” 13. Find out what is the name of the currency in Belarus? How much does one Belarusian ruble translate into Russian rubles? The second fact is that many citizens of the country are used to calling their own currency “bunnies”. The past and present of the Belarusian currency: its fall and ups. Currency name: Belarusian ruble, BYR (Br). Figure 6. First Belarusian money: “Bunnies”. People called them "bunnies." The Belarusian monetary unit deserves no less attention. So, what is the name of money in Belarus at present? Finally, we need to clarify why Belarusian rubles are still called squirrels or bunnies. The most complete history of the Belarusian ruble from the moment of the appearance of notes with little animals to the modern currency. Year after year, bill by bill. The Belarusian ruble is the official currency of Belarus. ISO code BYR, until 2000 - BYB. Interesting fact: it is known that the people, Belarusian rubles are called "bunnies." Belarusian rubles are called bunnies due to chance. All because of the drawings on the settlement tickets. The first settlement bills of the Republic of Belarus depicted animals. 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 with this many bunnies go into oblivion. The first (or maybe the last?) Belarusian currency that existed for so short and left so few good memories - and so many funny ones ... Let us leave aside the debate about whether it was good or bad for good, and let us look out over the orderly rows and thick bundles ... just bills that won't be with us soon.
Where do bunnies start?
From the Soviet ruble! Yes exactly. From the firm, although by that time already pretty beaten by life and permanent revolutions, the Soviet ruble. Which was at the time of the appearance of our dear hares, in 1992, the only legal tender in Belarus. But the "bunnies" were not such a tool. They were let into the people, joyfully reporting that the bunny is like that, simply because of a lack of pieces of paper, temporarily and for a short while, until everything settles down, and while the cute animals run around, amuse the eye.
True, consolation for the eye turned into a charge for the mind. The newly arrived animals were also not enough, apparently, and its breeding got a pretty penny. Therefore, the first rabbits walked 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; make complex calculations in your mind and add five rubles with one hare to pay for a fifteen-piece piece of sausage!
The grandmothers, who had forgotten during the Soviet era what cherenki were, with tears in their round eyes, counted multi-colored candy wrappers, not different in size, interspersed with such familiar, but now so strange Soviet chervonets, and frantically cursed the cashiers who confused the change - for the sake of justice , far from always in their favor ...
First embarrassment
Here they were - “bunnies” that gave the name of Belarusian money. The name still lives, despite the fact that the bunnies themselves became extinct in time immemorial.
But what is it? Is it an optical illusion? Some kind of deja vu ... for a long time, from childhood to pain, a friend has been looking through a hare portrait ... - And really! Here it is, the original, prototype, historical ancestor of our dear hare! Do you recognize?
Yes, he is. Year of birth is about 68th, but I'm afraid to say for sure. The work of the animal artist Komarov. Rushing through the snow from happy Soviet times to enter History. I wonder if copyright is respected? What deductions could be received from the Natsyyanalnaga Bank of Belarus - maybe it would be enough for hare's fur coats for the whole family! However, we will not unnecessarily moralize. In the end, the story took its toll: the money that started life as postage stamps very quickly became.
And here is the second character in our story. Of course, logic requires you to call him first - or rather her, a girl after all - but it didn’t work out, didn’t work out ... And by the way, who is it, on the right, in a cap ?! Well, those were the people's ideas about the morality of their native money. People understood that our currency would be sold to green snakes .. sorry, the dollar, that the animals would be strewed with colorful confetti, which was expressed by various available means. Like this, for example.
By the way, the squirrel is a curious precedent: this is probably the first paper coin in the world! Of course, a generation of new Belarusians is growing up, not knowing the tinkle of little things in his pocket, but we remember something: 50 kopecks is such a round, iron, ringing, five glasses of tomato juice (salt is free in a jar) ... True, with the first publication of the squirrel was called five rubles, but what is written with a pen - you can’t cut it out ... I wonder what played a decisive role in the rapid extinction of the native animal - sexual harassment from its own tail or awareness of the disadvantage of a non-metallic realization of a metal entity?
- however, it doesn’t matter, and the squirrels left us first, the year, I remember, in '96. Correct me, comrades scholars!
But man is not the only squirrel alive! We also had valuable fur-bearing animals. Which coat is warmer - beaver ali wolf? Aw, hunters! Where are the beavers, where are you? Vaазki shameful !!! left us to our fate.
But the “Belarusian bucks" was christened the rumor of the green (with longing, see) beaver. Yes, in general, they were strange animals. Somehow there were few of them. There were crowds of hares, moth-beaten squirrel skins flew all over the city, but the sedate beavers and blue wolves proudly, in English, withdrew without leaving a trace: there were none ... Just like the lynx and elk, by the way. However, moose, like herbivore animals, multiplied in a slightly larger number and reminded themselves longer.
But even the saying was: "do not have a hundred lynxes, but have a hundred moose"! Respect was long, strong and great, ...
but that did not save him either.
Inflation came ...
For quite a long time, two hundred and fifty-ruble elk was the largest "different tickets". But it could not go on forever. Soviet money disappeared after a quiet life, salaries were given almost exclusively by lynxes and other animals, and there weren’t enough animals. At first, it looked too impressive against the background of the Soviet hundred-ruffles, and therefore, apparently kept in reserve, a bear - the king of the forests ... aliens, was waddled.
Oh, such embarrassment did not know the history of money printing! Such a puncture ... yes, it’s the same as printing a portrait of the First President Lukashenko on the dollar! I wonder what penalties are applied to the perpetrators? Fines? Dismissal from work? blacklisting? … What I'm talking about? - peer, peer at this beast! Appreciate his light figure, noble Nordic profile! Here is Ursus Americana, an American bear baribal in person! Was its appearance on the national currency of sovereign Belarus an ideological diversion, a Masonic conspiracy, or a pilot project for the acclimatization of this species in our forests? No, rather a trivial gagging. For the story of a bear is very similar to the story of a hare. For the first time, this baribal saw the light from the pages of the Czech encyclopedia From Agama to Shark, 1978 edition. This book must be quite rare, by the way, and is now standing on the shelf of an unnamed artist. But even foreign origin did not save the bear from extinction, which clearly confirms the well-known truth: on our land, one cannot take root in an alien element spoiled by foreign education.
The last animal that ran out of our wallets to infinity was the bison. He seems to be real. And, as a powerful and strong animal, he stayed longer than anyone else: at the end of 98 and even at the beginning of 99, individual specimens came across, and the bison, it seems, is the only beast that has survived to the appearance of millions of notes. But neither the natural power, nor the admixture of hot Caucasian blood (I recall that the Caucasian bison were used after the war to restore the livestock of Bialowieza bison) did not save him: the bison died out like a mammoth. Neither pans hunting, nor revolution, nor World War II destroyed him, but the Belarusian economy turned out to be stronger. And the bison fell.
To be continued…
The dynamics of the Belarusian ruble
The Belarusian ruble is the national currency of the Republic of Belarus. The official exchange rate of the ruble is set by the National Bank of the Republic of Belarus, which since 2009 has been using the pegging of the exchange rate to a currency basket consisting of the US dollar, euro and Russian ruble.
For a brief designation of the Belarusian ruble, the text uses the symbol Brwritten before the sum. The letter code of the Belarusian ruble according to the international standard ISO 4217 - BYN.
Belarusian ruble rate calculator
This online calculator will help you convert the value of the Belarusian ruble into rubles and vice versa. Enter the amount you need in the input field:
Belarusian ruble rate chart
Information about the Belarusian ruble
The Belarusian ruble appeared after the abandonment of the Soviet in the early 90s of the XX century.
During its existence, the ruble survived several denominations, the last of which occurred most recently - in July 2016.
After this denomination, the old ruble ISO code 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 money of both the old and the new model. Even after this moment, old bills can be exchanged for new without restrictions and commissions, and on January 1, 2022, old-style banknotes will become invalid.
History of the Belarusian ruble exchange rate by years
The 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 - on June 30, 2016 and was equal to 0.0032 rubles.
The average rate over this time is 6.2996 rubles, which is 80% less than the current value.
Year | Face value | Course at the beginning | Course at the end | Minimum | Maximum |
---|---|---|---|---|---|
2018 | 1 | 28.2996 from 01/10/2018 | 30.9258 dated 06/05/2018 | 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 are getting used to new banknotes and are weaned to be "millionaires"
Photo: Victor Drachev / TASS
On July 1, 2016, a denomination started in Belarus. The corresponding decree was signed by President of Belarus Alexander Lukashenko on November 5, 2015. About how the Belarusian ruble began a new life without four zeros, in a special report by Banki.ru from Minsk.
The denomination in Belarus is fairly calm. Apparently, the preparation process is making itself felt, which officially began in the fall of 2015. Then the journalists were shown new money, they were even allowed to touch and photograph them. 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” ones, but law enforcement authorities quickly explained to the population how to behave in this situation.
Perhaps the criminal aspect was the only negative point 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, June was the most stressful period: banks were finalizing software, reconfiguring equipment and training cashiers.
- stock up on cash for the first two to three days;
- pay in advance for communication services and the Internet, make payments on loans, make tax and other payments (the peak of utility payments in Belarus falls on the 20th-25th of the month, after which the bases are blocked).
The National Bank and Belarusian banks also 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 remote banking channels will be unavailable, ATMs, info kiosks and terminal equipment will “freeze”.
Cash at ATMs quickly came to an end, but in general, banks quite successfully managed to issue a large amount of cash. True, there were some oddities - some took 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 stopped. ATMs, information kiosks, remote banking systems stopped working. At this moment, hundreds of specialists in Belarusian banks reconfigured electronics.
By 10 a.m. on July 1, most of the ATMs of Belarusian banks were already fully operational. And they gave customers new paper money. With coins, everything is much more complicated, ATMs are simply not configured to work with them. A whole generation has grown up in Belarus that does not know what coins are, the last metal money has disappeared from circulation with the collapse of the USSR. By the way, both new Belarusian banknotes and new Belarusian coins in design are very similar to the euro.
Certain issues have arisen with remote banking systems. Some banks took a timeout to reconfigure.
Officially, the National Bank of Belarus allowed credit organizations not to 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 railway stations) began to issue new money. Now collection vehicles are delivering new banknotes and coins to trade and service organizations across the country.
The excitement is observed only by young people and journalists who are hunting for new banknotes. As cashiers in regular and online stores admit, so far almost all are settled with old money. No unforeseen excesses occurred. It can be stated that preparations for the denomination took place at a fairly high level and Belarus is slowly moving to new means of payment.
By the way, new banknotes - a sample back in 2009 (all these years they were stored in the depository of the National Bank of Belarus). These banknotes bear the signature of Pyotr Prokopovich, who left the post of head of the Belarusian regulator more than five years ago, in the spring of 2011. The psychological aspect of the denomination is also important - the inhabitants of Belarus are accustomed to the fact that they are “millionaires”. The average salary in the country was 6-7 million rubles (about 20 thousand Russian rubles). Now with the status of "millionaires" will have to part. 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 pennies. But so far no one is complaining about it.
By 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 par with the new ones until December 31, 2016.
How is the Belarusian ruble gaining ground? AiF asked to answer this question candidate of Economic Sciences Elena SEMAK.
Semak Elena Adolfovna - Associate Professor, Department of International Economic Relations, Faculty of International Relations, Belarusian State University.The 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 affected by the supply and demand for foreign currency. Dollars and euros are needed for enterprises that purchase goods for import, as well as for the public - for tourist trips abroad or for the purpose of accumulation. At the beginning of 2017, the volume of currency acquired 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 was 13.1 million USD. This is much less than in January last year, when this excess was $ 198.2 million.
At the same time, our exporters increased their revenue. Compared with January 2016, the volume of sales of foreign currency by Belarusian enterprises in the first month of 2017 increased 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 from the business side. It is also necessary to add: Belarusian enterprises prefer to buy currency from banks (on the over-the-counter market). On the Belarusian Currency and Stock Exchange (BCSE), they acquired a total of USD 14.3 million, while off-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 population spending during the holidays (dollars were exchanged for rubles, for which goods were then bought for a feast), the third factor was the low level of income, which forces the population to spend foreign currency savings.
Another aspect is political: to a sharp weakening of the European currency at the BCSE, to a large extent, the depreciation of the euro against the US dollar in the Forex market led. This is due to fears that the president of France may be taken by the leader of the National Front, Marine Le Pen, who, if won, 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 the Belarusian ruble is weakening against the Russian ruble.
What is the forecast?
Forecasting further changes in the exchange rate is a very complicated matter. At the end of 2016, the majority of economists expected, at best, a gradual depreciation of the Belarusian ruble at the same rate as inflation. A further forecast for the development of the Belarusian ruble exchange rate depends on the success of our foreign trade, the growth or decline in household incomes and the fluctuation of foreign exchange rates on world markets.
Summary
The strengthening of the Belarusian ruble was most affected by the following main factors:
- Increase foreign currency supply in Belarus (due to various reasons: the success of Belarusian exporters, the low level of incomes of the population (people are forced to spend foreign currency savings), etc.). When supply is higher than demand, the value of the goods ( dollars and euros are also a kind of “commodity”. - Prim.) falls.
- Decline demand for dollars and euros from the business side;
- Seasonal factor (the population spends more currency during the New Year holidays).
After the denomination, 32 Russian rubles will have to be paid immediately for 1 Belarusian ruble. Well, the Belarusian currency, after the "cutting" of four zeros, has become stronger? Responsible Konstantin Korishchenko, Professor, Department of Finance and Banking, RANEPA
Since July 1, a denomination has occurred in Belarus. The authorities “cut off” 4 zeros at once. We decided to find out from Konstantin Korishchenko, professor of the Department of Finance and Banking, RANEPA, the 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-year period
On July 1, the denomination of the national currency starts in Belarus. You should not be afraid of an overseas word - at its core it is an exclusively technical operation. Old-style banknotes are being replaced with new bills. In this case, four zeros disappear from them
- Why was the denomination of the Belarusian ruble needed?
In short, to simplify the economic turnover. And in practical life, and in the calculations, extra numbers are an additional risk of making a mistake. Therefore, a large number of zeros created a certain discomfort and impeded the economic activity of the state. This is the main goal of any denomination. Collateral - strengthening the national currency in the state. Denomination increases its stability, removes excess money from circulation.
- Why did you decide to reduce exactly 4 zeros on banknotes, and not, say, 3?
At one time, Russia reduced 3 zeros - then there was such a scale of prices that it was more convenient to use the coefficient 1000: 1. But in Belarus, the price scale is different, respectively, adjusted to it.
- For 1 dollar now they give 2 Belarusian rubles. Is Belarusian ruble stronger than Russian?
“Because the truck and cabriolet is called a“ car, ”it does not 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 household misconception.
- Maybe now in Russia to hold a denomination?
But this, by the way, is quite a reasonable question. I think the authorities can come to this. For example, for a convenient settlement system, it is better when the exchange rate in pairs is 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 they give more than 100 yen per dollar, and the government does not change anything. But this is rather the exception.
NEW COURSE
1 US dollar - 2,0053;
1 euro - 2.2210;
100 Russian rubles - 3.1212;
1 lion - 1.1366;
100 hryvnias - 8.0647;
10 zloty - 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 Alexander Kozlov