What will the denomination of the ruble in Belarus give. Denomination in Belarus
A denomination will be held in Belarus on July 1, 2016. The corresponding decree No. 450 “On the Denomination of the Official Currency of the Republic of Belarus” was signed on November 4 by Alexander Lukashenko.
According to the press service of the National Bank, “The denomination process is technical in nature and will not affect the purchasing power of the Belarusian ruble, the exchange rate of the national currency against foreign currencies, and the actual inflation rate.”
Banknotes of the 2000 model will be withdrawn from circulation. They will be replaced by banknotes and coins of the sample of 2009 in the ratio of 10 thousand “old” rubles to 1 “new” ruble.
Banknotes in denominations of 5, 10, 20, 50, 100, 200 and 500 rubles, as well as coins in denominations of 1, 2, 5, 10, 20, 50 kopecks and 1 and 2 rubles, will come into circulation.
From July 1 to December 31, 2016, banknotes of the sample of 2000 and banknotes of the sample of 2009 will be in parallel circulation.
Exchange of banknotes of the 2000 model for banknotes of the 2009 model is carried out without restrictions and without charging a fee from January 1, 2017 to December 31, 2019 - at the National Bank, banks and non-bank financial institutions, 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 offered goods (works, services), are required to indicate prices (tariffs) in banknotes of the 2000 model and banknotes of the 2009 model.
During the denomination, salaries, pensions, scholarships, cash balances on bank accounts, balances of enterprises and institutions, etc. will be recounted.
New banknotes, which will be put into circulation on July 1, 2016, were made by order of the National Bank back in 2008. “However, then, in connection with the global economic crisis and, as a consequence, the worsening economic situation in our country, the denomination was postponed, and the banknotes made were transferred to the Central Bank of the National Bank,” - the press service of the National Bank.
In this connection, a facsimile of the signature of the then Chairman of the Board of the National Bank was placed on banknotes of 2009 Peter Prokopovich.
In addition, on the new banknote with a nominal value of 50 rubles there is an inscription “five fifths” which does not correspond to the current Belarusian spelling rules - this word should be written through the letter “I” in the second syllable (“five fifths”). When making new banknotes, these inconsistencies will be eliminated, the press service of the National Bank said.
The general design concept of the new banknotes is in line with the motto “May Kraina - Belarus”. Each banknote is dedicated to one of the regions of Belarus and Minsk. The correspondence of the area to the face value of banknotes is determined in alphabetical order.
The image of a banknote 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.
In the design of new banknotes of the 2009 model, the continuity with respect to the banknote series of the 2000 model in terms of the use of images of monuments of architecture and urban planning is preserved.
The last denomination of the Belarusian ruble was held in 2000. Then three zeros were removed from the bills. In addition, in 1994, prices and salaries were reduced by 10 times (then the only means of payment was the National Bank’s settlement ticket, which at face value was 10 times “heavier” than the Soviet / Russian one).
Thus, the largest new banknote of 500 rubles will correspond to the previous 50 billion rubles.
November 4, Minsk / Tatyana Polezhay - BELTA /. In Belarus from July 1, 2016 denomination will be held. According to BelTA in the press service of the President of the country, on November 4, Alexander Lukashenko signed a decree No. 450 “On the denomination of the official currency of the Republic of Belarus”.
The document decides to hold from July 1, 2016 denomination of the official currency of the Republic of Belarus and replace until December 31, 2016 circulating banknotes of the 2000 model in the form of banknotes for banknotes of the 2009 model in the form of banknotes and coins in the ratio of Br10 thousand in 2000 samples to Br1 in banknotes of the 2009 model.
Starting July 1, 2016, new money will appear in Belarus. What will the new money look like, whether people will lose their deposits, whether interest rates on loans will remain, whether the real sector of the economy will suffer - representatives of the National Bank answered these and other questions at a press conference on the denomination of the Belarusian ruble.
The leadership of the National Bank emphasized that the denomination of the national currency is a purely technical process, which involves the replacement of banknotes of the 2000 model with banknotes of the 2009 model.
In total, from July 1, 2016, seven banknote denominations will be issued - 5, 10, 20, 50, 100, 200 and 500 rubles, and eight coin denominations - 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles.
Commemorative banknotes issued by the National Bank from July 1, 2016 are subject to acceptance for all types of payments without restrictions in the ratio specified above, commemorative and bullion (investment) coins issued by the National Bank are subject to acceptance at face value for all types of payments no limits.
The decree establishes that 1 Belarusian ruble of the 2009 model is equal to 100 Belarusian kopecks of the 2009 model.
From July 1 to December 31, 2016 banknotes of the sample of 2000 and banknotes of the sample of 2009 are in parallel circulation and must be accepted for all types of payments without restrictions in the above ratio.
At the same time, it will be possible to exchange old banknotes for new ones:
from January 1, 2017 to December 31, 2019 inclusive - at the National Bank, banks and non-bank financial institutions of the Republic of Belarus;
from January 1, 2020 to December 31, 2021 inclusive - at the National Bank of the Republic of Belarus.
From January 1, 2020 to December 31, 2021 inclusively, old money for new can only be exchanged at the National Bank. From January 1, 2022, banknotes of the 2000 model will be considered invalid.
From July 1 to December 31, 2016, manufacturers, sellers, suppliers, performers and their representatives, when providing consumers with information about the offered goods (works, services), are required to indicate prices (tariffs) in banknotes of the 2000 model and banknotes of the 2009 model.
The National Bank has been instructed to ensure the issuance of banknotes of the sample of 2009 and the withdrawal of banknotes of the sample of 2000, subject to the provisions of the decree.
Alexander Lukashenko spoke about the denomination of the Belarusian ruble and what will be the new money on April 2, 2014, talking in Baranavichy with representatives of the labor collective of JSC 558 Aviation Repair Plant.
Banknotes and coins of the National Bank of the Republic of Belarus, issued since July 1, 2016
The general design concept for new banknotes is in line with the motto "May Kraina - Belarus". Each banknote is dedicated to one of the regions of Belarus and the city of Minsk. The correspondence of the area to the nominal of banknotes is determined in alphabetical order. The image of a banknote 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. In the design of new banknotes of the 2009 model, the continuity with respect to the banknote series of the 2000 model in terms of the use of images of monuments of architecture and urban planning is preserved.
Belarus’s denomination is indispensable. The probability of its holding in 2012 is not denied by the head of the National Bank Nadezhda Ermakova, "depending on how many zeros will be." Does the Belarusian ruble have a chance to look more worthy against the background of the currencies of neighboring countries and what prevents it from getting rid of excess zeros now?
Under President Alexander Lukashenko, Belarus has already experienced two denominations - on August 20, 1994, the denomination of banknotes was reduced by 10 times, in January 2000, the thousandth denomination turned into a ruble. Next in line is the third?
High inflation disturbs denominations
Denomination is needed today, regardless of the price of the issue. And the cost of this event is not so overwhelming, because you just have to replace one cash with other banknotes, ”said the ex-head of the National Bank Stanislav Bogdankevich.
If he held the denomination, he would immediately drop four zeros. Another thing is that, according to the expert, denomination should not be carried out in conditions of high inflation. Then replacing banknotes will cost too much. After all, money will never be enough, you will have to print it again and again, and this is quite expensive.
The expert believes that even the level of price growth announced by the government next year at 19% is too high and unacceptable for the economy and the population. Denomination should be carried out when inflation does not exceed 10%, and even better - 9%.
It would be necessary to bring inflation to 3-5% per year, but this is impossible for the Belarusian government and the National Bank, ”said the former head of the National Bank. - But to ensure it at a level of less than 10% is quite possible if a tight monetary and budgetary policy is pursued.
Stanislav Bogdankevich is sure: in case of a denomination, the authorities will exchange all the money to the Belarusians - both those that are in bank accounts and those that are stored in other places.
Rob publicly people? Our state will not do this, the expert emphasizes.
For the collapse of the monetary system must be judged
Assuming the current level of inflation and devaluation is beyond the reach of all, says Bogdankevich. - However, it would still be possible to initiate a criminal case against representatives of the monetary authority, who, having turned on the printing press, issued unsecured money worth tens of trillions of rubles. The currency system and the consumer market are ruined. Wild unprofessionalism is demonstrated.
According to the economist, theoretically, the denomination should not be related to inflation, although in the domestic plan someone may well use it, and prices can rise. But because of this probability, denomination cannot be denied.
As an economist and as a politician, I am convinced that denomination must be carried out, ”emphasizes Stanislav Bogdankevich. - But at the same time, the depreciation of the national currency cannot be allowed.
The dollar should cost 80 Belarusian cents
Leonid Zaiko, head of the Strategy analytical center, has been advocating the idea of \u200b\u200bdenomination for the past two or three years.
It is necessary to remove four zeros. If such a step were taken earlier, it would be possible to establish the exchange rate of the dollar against the Belarusian ruble in the ratio of one to three. This would correlate with the exchange rate against the dollar of Polish zloty (2.8) and Lithuanian litas (2.5). This could be the basis for a new serious monetary and economic policy, ”says Leonid Zaiko.
According to the head of the Strategy Center, a dollar should cost about 80 Belarusian kopecks. This would allow the Belarusian ruble to be nominated as a contender for the common currency of the Customs Union.
All the same, it will be necessary to introduce a single currency, ”emphasizes Leonid Zaiko. - The next step for the Customs Union is the monetary union. But since monetary policy in 2011 failed due to unprofessionalism, now the ratio of the dollar to the ruble will be different.
If we cross out four zeros, we get price indicators at the USSR level of the 1980s, the expert notes. A dozen eggs will cost 90 kopecks, bread - 30 kopecks, vodka - 2 rubles 20 kopecks, cognac - 5-6 rubles. The salary will be approximately 200 rubles. You don’t even need to transfer metal to pennies. The economist offers to print them like travel tickets.
I regard the Belarusian ruble as an ironic-humorous subject. He lost his economic dignity, became a common currency, ”emphasizes Leonid Zaiko. - Denomination will allow you to turn it into a normal monetary unit. It must be carried out, but at the same time not to allow any devaluations.
At the same time, according to the forecasts of the Ministry of Economy, in case of maintaining high volumes of equity lending to the economy, the dollar may rise above 20 thousand Belarusian rubles. The demands of the real sector of the economy in resources for the next year are very high.
On July 1, Belarus held the denomination of the national currency - the ruble. New banknotes in denominations of 5, 10, 20, 50, 100, 200 and 500 rubles and eight coin denominations - 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles were issued.
This is the largest denomination in the history of the country, as a result of which four zeros disappeared immediately on new Belarusian banknotes.
According to the decree of the President of Belarus Alexander Lukashenko, residents of the republic will be able to exchange old banknotes until December 31, 2016. There are no restrictions on the amount of exchange. In Belarus, starting in April, stores indicate the cost of goods in the "old" and "new" versions, so that the population can gradually get used to settlements in denominated rubles.
Changes have also occurred in the bank accounts of the residents of Belarus. Starting from July 1, “new” money appeared automatically in bank deposits.
The National Bank draws attention to the fact that, in general, the transition to new money will not be instantaneous. An appropriate transitional period is foreseen.
In addition to the face value, the banknotes of Belarus changed their design. The basis of their new "face" lay the sights of Belarus. Each banknote is dedicated to one of the regions of the republic and its capital, Minsk. All objects depicted on banknotes are included in the list of cultural heritage of Belarus.
It is reported that spelling error will be temporarily present on new Belarusian money. So, on a new banknote with a face value of 50 rubles there is an inscription “fifty” (from Belarusian - “fifty”), which does not comply with the current Belarusian spelling rules (changes to the rules were adopted in the summer of 2008 - ed.). This word should be written through the letter "I" in the second syllable - "pyattsyatsyat". It is noted that when the National Bank carries out subsequent orders for the production of new banknotes, this discrepancy will be eliminated.
The authorities of Belarus assure that it is difficult to fake "new" money - banknotes have six visible degrees of protection and a lot of invisible ones.
Lukashenko promised to “tear off his head” to those who use the denomination of the Belarusian ruble to raise prices. “There will be no increase in prices in connection with the denomination. I guarantee you that. We will tear our heads off if someone tries to use this technical process,” the Belarusian leader said shortly before the denomination.
The head of state also noted that he is not afraid of inflation in connection with the denomination. According to Belstat, inflation in the country from January to May amounted to seven percent, annual inflation is planned at 12 percent.
Dossier "RG"
Recall that in the history of independence of Belarus this is the third denomination. The past took place in 2000, when three zeros were removed from banknotes. The first denomination occurred in 1994.
Denomination is a change in the nominal value of money. Usually expressed in the "circumcision" of a certain number of zeros from old bills and the issuance of new money of lesser value. Often the need for denomination arises after hyperinflation in order to simplify calculations.
The denomination of the Belarusian ruble for its relatively short history has already occurred twice. Back in 1992, new money appeared in Belarus - the well-known "bunnies", "squirrels", "bison" ... True, while new bills were printed, inflation was doing its dirty deed. As a result, prices rose sharply, and they decided to increase the face value of new banknotes, mentally adding 1 zero to the number on the banknote. For example, the famous bunny, on which the number “1” appeared, in practice was taken not for 1 ruble, but for 10.
Two years later, the first denomination of the Belarusian ruble took place - the 1994 denomination. One zero was removed from the bills (which, in fact, never was there), and the prices of goods and services were accordingly calculated.
In just 5 years, Belarusians became millionaires - by 1999, a banknote of 5 million rubles was already in circulation. A decision was made on the second denomination, and in 2000 the country entered with new money, stripped of another three zeros.
And recently, a crisis year 2011 broke out. The ruble depreciated three times (and by now - almost four), inflation in one year exceeded 108%. The National Bank issued a bill in nominal value of 200,000 rubles, and senior officials began to carefully pronounce the word “denomination” aloud.
And in October 2013, President of Belarus Alexander Lukashenko openly stated that new money had already been printed and was in stock. And the head of the National Bank Nadezhda Ermakova repeatedly spoke about holding a denomination after the economic situation in the country stabilizes. But when exactly the third Belarusian denomination will happen - it is not yet clear.
According to President Lukashenko, for the denomination "there should not be such an interest rate, there should be no worries in the market so that the population does not worry."
Nadezhda Ermakova agrees with him: “It is necessary to restore the entire economy, the monetary system to put everything in order, so that our interest rates are normal, then we can talk about denomination. Any denomination still leads to inflation. ”
Denomination, although it does not affect the fundamental foundations of the economy, can indeed lead to higher prices. The psychological effect of denomination is often expressed in the growth of consumption by the population, which, in turn, leads to inflation.
On November 4, 2015, by Decree of the President of the Republic of Belarus, a decision was made to conduct a denomination of the national currency. The denomination in Belarus was held on July 1, 2016, while the current 10 thousand Belarusian rubles are equal to 1 Belarusian ruble of a new type. Accordingly, the prices of goods after denomination lost 4 zeros to current prices.
After the denomination, the Belarusian ruble immediately decreased by 10,000 times, and the banknotes of the 2000 model in circulation are gradually being replaced by banknotes and coins of the 2009 model. So, 100 rubles is the lowest denomination of a banknote; it will be replaced by the lowest denomination of a new monetary sample - 1 kopeck.
In total, seven banknote denominations appeared - 5, 10, 20, 50, 100, 200 and 500 rubles, and eight coin denominations - 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles.
After the denomination on July 1 in Belarus until the end of 2016, banknotes of the type 2000 and 2009 were in parallel circulation and were obligatory for acceptance when making all types of payments without restrictions. Since the beginning of 2017, Belarus has completely switched to banknotes of a new type.
Belarus has established the procedure for exchanging old-style banknotes. Old money can be exchanged for new at the National Bank and non-bank financial institutions of the Republic of Belarus from January 1, 2017 to December 31, 2019 inclusive. From July 1, 2020 to December 31, 2021 inclusive, the exchange of banknotes will be made only in. From January 1, 2022, banknotes of the 2000 model will be considered invalid.
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