In Belarus, a denomination will be carried out from July 1, 2016. What will the new money look like?

A denomination will be carried out in Belarus from July 1, 2016. As reported by the press service of the President of the country, Alexander Lukashenko signed Decree No. 450 "On the denomination of the official monetary unit of the Republic of Belarus" on November 4.

The document stipulates the denomination of the official monetary unit of the Republic of Belarus from July 1, 2016, and the exchange of circulating banknotes of the 2000 sample by December 31, 2016, for banknotes and coins of the 2009 sample at the rate of Br10 thousand in the 2000 sample to Br1 in the 2009 sample. In total, from July 1, 2016, 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 kopecks, as well as 1 and 2 rubles will be put into circulation.

Commemorative banknotes put into circulation by the National Bank, as of July 1, 2016, are accepted for all types of payments without restrictions in the ratio indicated above; commemorative and bullion (investment) coins put into circulation by the National Bank are accepted at face value for all types of payments without restrictions. The Decree establishes that 1 Belarusian ruble of the 2009 sample is equal to 100 Belarusian kopecks of the 2009 sample. From July 1 to December 31, 2016, banknotes of the 2000 sample and banknotes of the 2009 sample are in parallel circulation and are mandatory for acceptance for all types of payments without restrictions in the ratio indicated above. In addition, old banknotes can be exchanged for new ones: from January 1, 2017, to December 31, 2019, inclusive – at the National Bank, banks and non-bank credit and 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.

The National Bank explained where old money can be exchanged for new

From July 1, 2020, to December 31, 2021, inclusive, old banknotes can only be exchanged for new ones 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, contractors, and their representatives, when providing consumers with information about the goods (works, services) offered, are obliged to indicate prices (tariffs) in banknotes of the 2000 model and banknotes of the 2009 model.

The National Bank is instructed to ensure the issuance of banknotes of the 2009 model into circulation and the withdrawal of banknotes of the 2000 model from circulation, taking into account the provisions of the decree. Alexander Lukashenko spoke about the denomination of the Belarusian ruble and what the new money would look like back on April 2, 2014, while communicating in Baranovichi with representatives of the labor collective of OJSC "558 Aircraft Repair Plant".

BELTA.