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The BELARUSIAN RUBLE (Belarusian : рубель rubieĺ, plural: рублі rubli, genitive plural: рублёў rublioŭ) is the official currency of Belarus
Belarus
. The ruble is subdivided into 100 kopeks (Belarusian : капейка kapiejka, plural: капейкі kapiejki, genitive plural: капеек kapiejek). The symbol for the ruble is Br and the ISO 4217 code is BYN.

CONTENTS

* 1 History

* 1.1 First ruble, 1992 – 2000

* 1.2 Second ruble, 2000 – 2016

* 1.2.1 Monetary integration with Russia
Russia

* 1.3 Third ruble, 2016 - present

* 2 Coins

* 2.1 First series, 2016 * 2.2 Commemorative issues

* 3 Banknotes

* 3.1 First ruble * 3.2 Second ruble * 3.3 Third ruble

* 4 Exchange rates * 5 See also * 6 References * 7 External links

HISTORY

FIRST RUBLE, 1992 – 2000

As a result of the breakup of the supply chain in the former Soviet enterprises, goods started to be bought and sold in the market, often requiring cash settlement. The Belarusian unit of the USSR State Bank had neither the capacity nor the licence to print Soviet banknotes, so the government decided to introduce its own national currency to ease the cash situation. The German word Taler
Taler
(Belarusian : талер), divided into 100 hrosh (Belarusian : грош) was suggested as the name for a Belarusian currency; but the Communist
Communist
majority in the Supreme Soviet of Belarus
Belarus
rejected the proposal and stuck to the word ruble that was usual for Belarus
Belarus
from the times of the Soviet Union and the Russian Empire
Russian Empire
. In the medieval Grand Duchy of Lithuania of which Belarus
Belarus
was a major part, the word ruble has also been used as a name for a currency in circulation (see Lithuanian long currency ).

From the collapse of the Soviet Union
Soviet Union
until May 1992, the Soviet ruble circulated in Belarus
Belarus
alongside the Belarusian ruble. New Russian banknotes also circulated in Belarus, but they were replaced by notes issued by the National Bank of the Republic of Belarus
Belarus
in May 1992. The first post-Soviet Belarusian ruble
Belarusian ruble
was assigned the ISO code BYB and replaced the Soviet currency at the rate of 1 Belarusian ruble = 10 Soviet rubles. It took about two years before the ruble became the official currency of the country.

SECOND RUBLE, 2000 – 2016

In 2000, a new ruble was introduced ( ISO 4217 code BYR), replacing the first at a rate of 1 BYR = 1,000 BYB. This was redenomination with three zeros removed. Only banknotes have been issued, with the only coins issued being commemoratives for collectors.

Monetary Integration With Russia

From the beginning of his presidency in 1994, Alexander Lukashenka began to suggest the idea of integration with the Russian Federation and to undertake steps in this direction. From the beginning, there was also an idea of introducing a united currency for the Union of Russia
Russia
and Belarus
Belarus
. Art. 13 of the 1999 "Treaty of Creation of the Union State of Russia
Russia
and Belarus" foresaw a unified currency. Discussions about the Union currency has continued past the 2005 implementation goal set by both nations. Starting in 2008, the Central Bank of the Republic of Belarus
Belarus
announced that the ruble would be tied to the United States dollar instead of to the Russian ruble
Russian ruble
. "Stanislav Bogdankevich, a former bank chairman, called the decision political, saying it was tied to Belarus' open displeasure at Russia's decision to hike oil and gas export prices to Belarus
Belarus
earlier this year. Belarus' economy is largely Soviet-style, centrally controlled and has been heavily reliant on cheap energy supplies from Russia".

THIRD RUBLE, 2016 - PRESENT

In July 2016, a new ruble was introduced ( ISO 4217 code BYN), at a rate of 1 BYN = 10,000 BYR. Old and new rubles circulate in parallel from July 1 to December 31, 2016. Belarus
Belarus
also issued coins for general circulation for the first time. Seven denominations of banknotes (5, 10, 20, 50, 100, 200 and 500 rubles) and eight denominations of coins (1, 2, 5, 10, 20 and 50 kopeks, and 1 and 2 rubles) are in circulation on July 1, 2016. The banknotes have security threads and show 2009 as an issue date (the date of an unsuccessful attempt at currency reform). Their designs are similar to those of the euro . Even the values of the coins and notes themselves are similar to those of the euro.

COINS

FIRST SERIES, 2016

In 2016, for the first time in the whole history of the Belarusian ruble, coins were introduced due to the redenomination . Previously, Belarus
Belarus
was one of the few countries in the world never to have issued coins; this is largely due to the rampant inflation which has been a problem since independence.

Slovakia
Slovakia
has offered to mint the coins, and has provided prototypes. The coins of up to 5 kopeks are struck in copper-plated steel; the 10, 20, 50 kopeks coins are struck in brass-plated steel; the 1 ruble coin in a nickel-plated steel composition and 2 rubles coin in a bi-metallic format (with a brass-plated steel ring and a nickel-plated steel center plug). All coins show the National emblem of Belarus
Belarus
, the inscription 'БЕЛАРУСЬ' (Belarus) and the year of minting on their obverse. The reverse shows the value of the coin accompanied by different ornaments with their own meanings.

2016 BELARUSIAN RUBLE COINS

IMAGE Value TECHNICAL PARAMETERS DESCRIPTION DATE OF

OBVERSE REVERSE Diameter (mm) Thickness (mm) Mass (g) COMPOSITION EDGE OBVERSE REVERSE FIRST MINTING ISSUE

1 kopek 15 1.25 1.55 Copper
Copper
-plated steel Plain National emblem of Belarus
Belarus
, name of the country, year of minting Value, the ornament symbolizing wealth and prosperity 2009 July 1, 2016

2 kopeks 17.5 2.01

5 kopeks 19.8 2.7

10 kopeks 17.7 1.80 2.8 Brass
Brass
-plated steel Reeded Value, the ornament symbolizing fecundity and vital force

20 kopeks 20.35 1.85 3.7

50 kopeks 22.25 1.55 3.95

1 ruble 21.25 2.3 5.6 Nickel
Nickel
-plated steel Value, the ornament symbolizing the pursuit of happiness and freedom

2 rubles 23.5 2.0 5.81 Brass
Brass
-plated steel ring with a nickel-plated steel center plug Lettered National emblem of Belarus
Belarus
, name of the country, year of minting, divided by Bahach ornament

These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table .

COMMEMORATIVE ISSUES

Belarus
Belarus
is a large producer of commemorative coinage for collectors’ markets, most particularly gold and silver bullion coins and non-circulating legal tender. The first coins of the Republic of Belarus
Belarus
were issued on December 27, 1996. Their designs range from fairly commonplace to unique and innovative; themes range widely from "native culture and events" to fairy tales and pop culture topics not related to Belarus
Belarus
at all. A majority of these coins have a face value of 1 ruble, there are also a few denominated as 3 rubles and 5 rubles. All these coins are considered novelties and are unlikely to be seen in general circulation.

BANKNOTES

FIRST RUBLE

In 1992, banknotes were introduced in denominations of 50 kopeks, 1, 3, 5, 10, 25, 50, 100, 200, 500, 1,000 and 5,000 rubles. These were followed by 20,000 rubles in 1994, 50,000 rubles in 1995, 100,000 rubles in 1996, 500,000 rubles in 1998 and 1,000,000 and 5,000,000 rubles in 1999.

1992 — 1999 SERIES

IMAGE VALUE DIMENSIONS (MM) MAIN COLOR OBVERSE REVERSE DATE OF PRINTING DATE OF ANNUL

50 kopeks 105×53 Orange-pink Image of sciurus Pahonia ("Chaser") May 25, 1992 January 1, 2001

1 ruble Grey blue Image of the running European hare or "zaichik" which earned the currency its nickname

3 rubles Green Image of beavers

5 rubles Blue and pink Image of wolves

10 rubles Dark green Image of the Eurasian lynx
Eurasian lynx
with kitten

25 rubles Orange Image of moose

50 rubles Violet Image of brown bear

100 rubles Green-brown Image of wisent

200 rubles Yellow-green Image of the train station square December 8, 1992

500 rubles Violet-red Victory Square, Minsk

1,000 rubles Green National Academy of Sciences of Belarus
Belarus
in Minsk November 3, 1993

1,000 rubles 110×60 Large image of the number 1,000 September 16, 1998

5,000 rubles 105×60 Red Trinity Hill in Minsk
Minsk
Pahonia April 7, 1994

5,000 rubles 110×60 Large image of the number 5,000 September 16, 1998

20,000 rubles 150×69 Olive-yellow National Bank of the Republic of Belarus
Belarus
Pahonia December 28, 1994

50,000 rubles Light brown Kholm Gate Brest Fortress
Brest Fortress
Memorial September 15, 1995

100,000 rubles Grey-brown Opera and Ballet Theatre (Minsk) Scene from the ballet "Favourite" («Избранница») by E.A. Hlebau October 17, 1996

500,000 rubles Orange-red The Republican Trade Unions' Palace of Culture in Minsk
Minsk
Architectural decorations on the Republican Palace of Culture of Belarus December 1, 1998

1,000,000 rubles Sky-blue The National Museum of Arts of Belarus
Belarus
in Minsk Fragment of the picture "Portrait of wife with flowers and fruits" by I. Khrutski April 30, 1999

5,000,000 rubles Light violet Minsk
Minsk
Sports Palace Image of the "Raubichy" sports complex September 6, 1999

These images are to scale at 0.7 pixels per millimeter. For table standards, see the banknote specification table .

SECOND RUBLE

In 2000, notes were introduced in denominations of 1, 5, 10, 20, 50, 100, 500, 1,000 and 5,000 rubles. In 2001, higher denominations of 10,000, 20,000 and 50,000 rubles were introduced, followed by 100,000 rubles in 2005 and 200,000 rubles in 2012. There are no coins or banknotes issued in copecks.

"On 1 September 2010, new rules of Belarusian orthography came into force. According to the old rules, the correct spelling of the word “fifty” in Belarusian was “пяцьдзесят,” (piaćdzIEsiat) but under the new rules, it should be spelled “пяцьдзясят,” (piaćdzIAsiat) the difference being that the seventh character was the Cyrillic letter IE but is now the Cyrillic letter YA. As a result of these new rules, the existing 50- and 50,000-ruble notes dated 2000 now technically contain errors where the denominations are spelled out on the notes. On 29 December 2010, the National Bank of Belarus
Belarus
introduced new 50- and 50,000-ruble banknotes to bring the inscriptions on the notes into compliance with the new rules of Belarusian spelling and punctuation. The images, colors, and sizes of the notes remain consistent with the preceding issues of the same denominations dated 2000. The modified 50-ruble notes also no longer has a security thread, and the modified 50,000-ruble notes have replaced the solid security thread for a 2-mm wide windowed security thread."

2000 SERIES

IMAGE VALUE DIMENSIONS MAIN COLOR DESCRIPTION DATE OF

OBVERSE REVERSE OBVERSE REVERSE PRINTING ISSUE ANNUL

1 ruble 110 x 60 mm Green The building of the National Academy of Sciences of Belarus
Belarus
Denomination in figures 2000 January 1, 2000 January 1, 2004

5 rubles Rose-red View of the Trayetskaye Pradmyestsye in Minsk July 1, 2005

10 rubles Light blue The building of the National Library of Belarus March 1, 2013

20 rubles 150 x 69 mm Olive-yellow The building of the National Bank of Belarus The interior of the building of the National Bank of Belarus

50 rubles Orange-red The Kholm Gate - fragment of the Memorial Brest Hero-Fortress The main entrance to the Memorial Brest Hero-Fortress July 1, 2015

100 rubles Green The National Academic Great Opera and Ballet House of Belarus
Belarus
in Minsk Scene from ballet "Favourite" by E.A. Hlebau January 1, 2017

500 rubles 150 x 74 mm Light brown The Republican Trade Unions' Palace of Culture in Minsk
Minsk
Architectural decorations on the Republican Palace of Culture of Belarus

1,000 rubles Light blue The National Museum of Arts of Belarus
Belarus
in Minsk Fragment of the picture "Portrait of the wife with flowers and fruits" by I. Khrutski

5,000 rubles Light violet The Palace of Sports
Palace of Sports
in Minsk Image of the "Raubichy" sporting complex

10,000 rubles Pink Panorama of Vitebsk city Summer amphitheatre in Vitebsk April 16, 2001

20,000 rubles Grey Gomel Palace A view of the palace from A. Idzkouski's picture in Homyel January 21, 2002

50,000 rubles Sky blue A castle in the settlement of Mir, Karelichy district, Hrodna Voblast Decorative collage of architectural elements of Mir Castle December 20, 2002

100,000 rubles Orange The Nesvizh Castle View of the Radziwills' Castle in Niasvizh from a painting by the Belarusian artist Napoleon Orda July 15, 2005

200,000 rubles Light green The Mogilev Maslennikov Art Museum Decorative collage of architectural elements of the museum building March 12, 2012

These images are to scale at 0.7 pixels per millimeter. For table standards, see the banknote specification table .

THIRD RUBLE

In 2016, banknotes were introduced in denominations of 5, 10, 20, 50, 100, 200, and 500 rubles. On 4 November 2015 the National Bank of the Republic of Belarus
Belarus
announced that the banknotes that has been in use at that time will be replaced by the new ones due to the upcoming redenomination . The redenomination will be made in a ratio of 1:10,000 (10,000 rubles of 2000 pattern = 1 rubles of 2009 pattern). This currency reform also brings the introduction of coins, for the first time in The Republic of Belarus
Belarus
.

The banknotes are printed by the United Kingdom-based banknote manufacturer, security printing , paper-making and cash handling systems company De La Rue
De La Rue
. As for coins, they have been minted by both the Lithuanian Mint and the Kremnica Mint . Both banknotes and coins have been ready in 2009, but the financial crisis prevented them from being put into circulation immediately, resulting in a 7-year delay conditional on the necessity to lower inflation. Their designs are very similar to the Euro
Euro
banknotes.

2009 SERIES

IMAGE VALUE DIMENSIONS MAIN COLOR DESCRIPTION DATE OF

OBVERSE REVERSE OBVERSE REVERSE PRINTING ISSUE ANNUL

5 rubles 135×72 mm Orange Belaya Vezha in Kamyanyets collage on the theme of the first Slavic settlements 2009 July 1, 2016

10 rubles 139×72 mm Light Blue Transfiguration Church in Polatsk collage on the theme of enlightenment and printing

20 rubles 143×72 mm Yellow Rumyantsev-Paskevich Residence in Homyel collage on the theme of spirituality

50 rubles 147×72 mm Green Mir Castle in Mir collage on the theme of art

100 rubles 151×72 mm Turquoise Niasvizh Castle in Nesvizh collage on the theme of theater and folk holidays

200 rubles 155×72 mm Violet Regional Museum of Art in Mahilyow collage on the theme of crafts and town-planning

500 rubles 159×72 mm Pink/Blue The building of the National Library of Belarus
Belarus
in Minsk collage on the theme of literature

These images are to scale at 0.7 pixels per millimeter. For table standards, see the banknote specification table .

EXCHANGE RATES

On January 2, 2009, the National Bank of the Republic of Belarus lowered the exchange rate of the ruble by 20%.

On May 24, 2011, the National Bank of the Republic of Belarus
Belarus
lowered the exchange rate of the ruble by 56%. Alexei Moiseev, chief economist at Russia's VTB Capital , said at the time that "a '91-style meltdown is almost inevitable," referring to the crisis which accompanied the dissolution of the Soviet Union
Soviet Union
.

On October 20, 2011 the exchange rate of the Belarus
Belarus
ruble dropped 34.2% (from Br 5,712 to Br 8,680 per USD) when it was fully floated following demands to do so by Russia
Russia
and the IMF.

In January 2015, the National Bank of the Republic of Belarus devalued its currency by 23% against the United States dollar despite efforts to keep Russia's ruble crisis from spreading across the border. As of Sunday, February 1, one U.S. dollar was worth 15,400 Belarusian rubles; by Tuesday it fell to 15,450 rubles to the dollar, as per data from the Belarusian Central Bank's website.

CURRENT BYN EXCHANGE RATES

From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB

From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB

From XE: AUD CAD CHF EUR GBP HKD JPY USD RUB

From OANDA: AUD CAD CHF EUR GBP HKD JPY USD RUB

From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD RUB

BELARUSIAN RUBLES PER CURRENCY UNIT (YEARLY AVERAGE RATE)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Euro
Euro
2,684 2,681 2,692 2,937 3,135 3,885 3,950 6,432 10,713 11,782 13,574 17,610

Russian ruble
Russian ruble
75.00 76.14 78.90 83.91 86.17 88.06 98.11 157.43 268.28 278.85 269.02 260.57

United States dollar 2,160 2,154 2,145 2,146 2,136 2,792 2,978 4,623 8,336 8,876 10,216 15,865

SEE ALSO

* Economy of Belarus
Belarus
* Lithuanian long currency - the Lithuanian ruble, the currency in medieval Belarus * Ruble
Ruble

REFERENCES

* ^ http://kp.by/daily/25840.3/2811879/ * ^ A B C D National Bank of the Republic of Belarus
Belarus
. "NBRB banknotes". Retrieved 2006-12-30. * ^ "Will rouble become Belarus
Belarus
currency?". Pravda.ru. 2003-12-02. Archived from the original on 29 September 2007. Retrieved 2007-10-01.

* ^ A B " Belarus
Belarus
to link currency to dollar". Associated Press
Associated Press
. 2007-08-15. Archived from the original on April 22, 2008. Retrieved 2007-10-01. * ^ Belarus
Belarus
new redenominated notes (B137 - B143) reported for 01.07.2016 introduction BanknoteNews.com November 5, 2015. Retrieved on 2015-11-05. * ^ On redenomination of the Belarusian ruble
Belarusian ruble
since July 1, 2016 National Bank of the Republic of Belarus
Belarus
(nbrb.by). Retrieved on 2015-11-05. * ^ A B http://www.nbrb.by/Press/?nId=1214 О проведении с 1 июля 2016 г. деноминации белорусского рубля * ^ "Banknotes and Coins of the National Bank of the Republic of Belarus". National Bank of the Republic of Belarus. Retrieved 2012-06-15. * ^ Linzmayer, Owen (2011). "Belarus". The Banknote Book. San Francisco, CA: BanknoteNews.com. Retrieved 2011-08-21. * ^ http://www.ctv.by/novosti-minska-i-minskoy-oblasti/denominaciya-v-belarusi-chto-izmenitsya-s-prihodom-novyh-deneg * ^ http://people.onliner.by/2015/11/10/denominaciya-6 * ^ http://bnn-news.com/2011/05/24/world/panic-ensues-belarus-residents-56-devaluation-national-currency * ^ Stern, David L., Belarus
Belarus
faces an economic precipice, GlobalPost , May 31, 2011 06:34. Retrieved 2011-08-15. * ^ http://www.france24.com/en/20111020-belarus-ruble-sinks-34-full-free-float * ^ "Belarusian Ruble
Ruble
Drops 20% Against Dollar in January". The Moscow Times. February 3, 2015. Retrieved August 9, 2015. * ^ National bank of the Republic of Belarus: Belarusian Ruble Official Average Exchange Rate against foreign currency

EXTERNAL LINKS

Wikimedia Commons has media related to MONEY OF BELARUS .

* National bank of the Republic of Belarus
Belarus
- Official Exchange Rates (English) *

.