10000:1 redenomination kicks off in Belarus. How not to get lost in new money


The 2000 banknote series has been replaced by that of 2009 in a ratio of 10 000 ‘old’ rubles per 1 ‘new’ ruble. Coins have been put into circulation. See the picture below not to get lost in the new currency.

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Picture by Grodno24.com

The banknotes printed in the UK, and the coins were minted in Lithuania and Slovakia. Belarus invited tenders ‘with sufficiently tough requirements’ for the production of the new Belarusian money. It was attended by European and world producers.

There are seven types of bank notes (5, 10, 20, 50, 100, 200 and 500 rubles) and coins of eight denominations (1, 2, 5, 10, 20 and 50 kopeks; 1 and 2 rubles) in circulation.

The first denomination of the Belarusian ruble was a 10-fold one and took place on August 20, 1994. A larger denomination was held on January 1, 2000. The currency then was denominated 1,000 times.

Read also: Economist about denomination in Belarus: No sense in having kopeks as they depreciate fast

Belarusian president Alyaksandr Lukashenka does not expect another loop of inflation after July’s redenomination and promises to ‘eat heads off’ in case of any price growth after it.

belsat.eu

belsat.eu

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