Expecting denomination: New prices in Belarusian shops (photos)

Photos

The Belarusian Trade Ministry recommended retail facilities to indicate both the current and would-be price for the goods they sell from April, 1 on. The Belarusian city of Brest has started to implement the recommendations in late April.

On November 4, 2015 Belarusian president Alyaksandr Lukashenka signed the Decree No 450 “On Denomination of Official Currency of the Republic of Belarus.”

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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. The next denomination will take place on July 1, 2016 and will be the most ambitious to date. The old money will be replaced by the new designs in the ratio of 10,000 rubles to 1 ruble.

There will be 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.

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

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