Currency Information on Belarusian Ruble
Currency Information on Belarusian Ruble - BYR — Belarus Ruble – Br
The Belarus Ruble has been reissued twice, with the first ruble being introduced in 1992 and being replaced at a rate of 1 new ruble: 1,000 old rubles with the second ruble in 2000, the second ruble is still in circulation. The new ruble has only been issued using banknotes, meaning that there are no coins currently in circulation, and any coins produced are for commemorative purposes or as collector’s items.
Before 2008, the Belarus ruble was attached to the Russian ruble in terms of exchange rates, but since 2008 it has been tied to the US Dollar instead.
Rubles subdivide into 100 kapekya; however, no physical denominations are available in kapekya. Currently circulated banknotes are available in denominations of 100, 500, 1,000, 5,000 10,000, 20, 000 50, 000, 100,000 and 200,000 rubles.
The value of the ruble has decreased dramatically over the past ten years, with the Centtral Bank of the Republic of Belarus lowering the exchange rate of the ruble by 20% in 2009, then by a further 56% in 2011.
The exchange rate then dropped 34.2% in 2011, as a result of being fully floated. In 2015, the Central bank of the Republic of Belarus devalued their currency further, by 23% as a consequence of Russia ruble crisis crossing the border.