At zero o'clock on July 1, 2016, the Belarusian ruble lost four zeros: the redenomination of the national currency announced by the president in November 2015 took place.

The denomination became the third in the history of sovereign Belarus and the largest in comparison with the others. Now the new Belarusian ruble is equal to ten thousand rubles in monetary units of 2000, and for the first time coins of various denominations will appear in the wallets of Belarusians - both rubles (1 and 2 rubles) and kopecks.

Where did the Belarusian ruble come from?

The name "Belarusian Ruble" was adopted after Belarus abandoned the Soviet ruble in the early 1990s. Then a number of public figures proposed taking the word “thaler” as the name of the new currency, but the Supreme Council did not approve this initiative.

At the beginning of 1992, during the collapse of the all-Soviet monetary system, a coupon system was introduced in Belarus, then the coupons were replaced by payment notes of the National Bank. The official exchange rate was one payment ticket for 10 Soviet rubles.

The withdrawal of Soviet rubles from circulation began at the end of July 1993, and the Belarusian ruble became the only legal tender in the country.

History of denominations

Initially, in 1992-1994, the Belarusian ruble was introduced in the ratio of 1 Belarusian ruble (issued in 1992) for 10 Soviet rubles.

© Sputnik / Yuri Somov

Banknote of Belarus in denomination of two hundred rubles

On January 1, 2000, another redenomination of the ruble was carried out in Belarus (1000 times), designed, among other things, to stabilize the national currency.

Thus, on July 1, the third denomination of the Belarusian currency took place - ten thousand times. In total, since 1994, in just over twenty years, the Belarusian ruble has lost a total of eight zeros.

What Belarusians dreamed of

Over the long period of the National Bank and the government’s struggle against inflation, which, along with maintaining the ruble exchange rate, has always been a priority for the Belarusian authorities, the citizens of the country have become accustomed to the fact that this struggle does not always result in victories.

Against the backdrop of positive changes in the economy and tax sphere (reduction of VAT from 20% to 18% and some other taxes), from the beginning of 2004 to the end of 2008, the exchange rate of the Belarusian ruble against the dollar and the Russian ruble remained virtually unchanged. During 2005, there was a constant increase in bank deposits in national currency. Inflation has been steadily declining for some time - from 34.8% in 2002 to 6.6% in 2006. During this time, the official exchange rate was completely equal to the shadow one, this led to the disappearance of the shadow foreign exchange market.

In 2009, Belarus received the first tranche of a three-billion loan from the IMF, the last tranche came in March 2010. Thus, the state had something to spend, especially since 2010 was the year of the presidential elections. Throughout 2010, which many remembered as the most stable year, the authorities stimulated domestic demand, loans for housing and consumer needs were cheap, as was money for the real sector. All this happened against the backdrop of the consequences of the first wave of the global financial crisis, and the national consequences were not long in coming.

The Belarusian authorities expected that the “bunny” would become fully convertible in 2010; inflation at the end of this year amounted to a record 3.1% for the country.

However, the financial crisis of 2011 shattered the rosy expectations of the Belarusian authorities.

Belarusians are no strangers to devaluations

The Belarusian ruble experienced its first one-time devaluation in 2009. Then, according to the requirements of the IMF, the National Bank moved to pegging the exchange rate to the dollar, while simultaneously devaluing the “bunny” by 20% in relation to the US currency. Thus, the dollar exchange rate was set at 2,650 rubles, the euro - 3,703 rubles, the Russian ruble - 90.16 Belarusian rubles per Russian ruble.

The Belarusian crisis unfolded in full force by March 2011.

On May 24, 2011, the National Bank had to devalue the Belarusian ruble again - by approximately 56%. The dollar began to cost 4930 rubles.

In October 2011, the Belarusian authorities were forced to switch to a market exchange rate mechanism: the ruble exchange rate began to be determined based on the results of trading on the Belarusian Currency and Stock Exchange.

With the arrival of a single equilibrium exchange rate of the Belarusian ruble on October 20, 2011, the national currency exchange rate fell by 52%, which actually meant a repeated devaluation for the period from May 24, 2011. The dollar began to cost 8,680 rubles.

In general, in 2011, inflation reached 108.7%, the refinancing rate increased from 10% to 45% per annum.

During 2012-2014, the Belarusian ruble weakened against the dollar by no more than 10 rubles per day. In December 2014, following the rapid fall of the Russian ruble, the exchange rate of the dollar and euro against the Belarusian ruble began to rise in exchange offices, while the rate set by the National Bank practically did not grow.

By December 19, the minimum exchange rate for selling dollars to the population in Minsk increased to 11.5 thousand rubles, with the official rate being 10,890 rubles.

On the afternoon of December 19, the National Bank introduced a “temporary” commission of 30% on the sale of currency to the population. Ten days later, the commission was reduced to 20%, and the Belarusian ruble was simultaneously devalued by 7%.

In 2014, the overall devaluation was 24.7%.

The beginning of January 2015 is remembered by Belarusians as a time of acute instability in the foreign exchange market. The National Bank carried out another devaluation of the ruble on January 5, lowering the exchange rate by another 7.1% and at the same time reducing the commission to 10%. On January 8, the rate decreased by another 7.5%, and the commission was abolished completely.

On January 9, the National Bank devalued the ruble by another 2.18% and resumed using the mechanism of pegging the ruble exchange rate to a basket of foreign currencies, while simultaneously changing the structure of the currency basket.

In general, in January 2015 the devaluation amounted to 29.4%.

Pick raisins out of a bun

Belarusians love their money, no matter what surprises their circulation may turn out to be. In no other country in the world is the national currency called so affectionately - “bunny”. Dollars and euros for Belarusians are more a means of investment than a source of pride.

Citizens of the country collect and remember interesting facts about their money.

Sputnik remembers them too.

• The image of the brown hare for the first Belarusian monetary unit was taken from the book “Beasts and Birds of Our Country,” which was published in 1957. Therefore, the new 1 ruble banknote immediately received the popular name “bunny”, which later spread to all Belarusian money. In 1975, the same brown hare decorated a box of matches from the Belovezhskaya Pushcha souvenir series.
• on the 50 ruble banknote of 1992 there is a picture of a baribal bear, which has never been found in Belarus
• the most expensive Belarusian banknote was sold for 90,000 Russian rubles (about three thousand dollars). This price was paid at auction for a 5,000 ruble banknote of the 2000 series AG
• A peculiar case of bilingualism is represented by the 500 ruble banknote of the 1992 model. The service inscriptions on the banknote are made in the Belarusian language. The front side of the banknote depicts Victory Square in Minsk along with the first two words of the slogan in Russian “The feat of the people is immortal”, laid out on one of the semicircular buildings framing the square and being one of the calling cards of Minsk
• Another example of bilingualism on Belarusian money is the 50,000 ruble banknotes of the 2000 model and the 2010 modification. On the reverse side of the bill in the microtext, instead of the inscription "MIR'S CASTLE" it is written "MIR'S CASTLE", that is, a spelling error was made. The National Bank explained this as one of the protections against counterfeiting and called such an inscription a “graphic trap”
• the drawing of the building depicted on the 10-ruble banknote of the 2000 model is signed as the National Library, although it has not been such since 2006
• the symbol Br, which was used to represent the Belarusian ruble, by the time of its introduction was already used to denote the currency of Ethiopia, called the Birr
• On the 2000 100,000 ruble banknote, the reverse depicts a reproduction of Napoleon Orda's painting "Nesvizh Castle". At first, the castle on the banknote was depicted with Orthodox crosses on the roof of the castle, although the original painting by Napoleon Orda depicted ancestral eagles. After bonuses pointed out the inaccuracy, the National Bank corrected the error.

At the beginning of November 2015, the President of the Republic of Belarus signed a law on the redenomination of the official banknote in the summer of 2016. This entire denomination in Belarus has become the largest, and the news about the change of banknotes is one of the loudest in recent times. What led to the depreciation of the Belarusian currency and what will happen after the redenomination?

and why is it needed

Denomination is an economic procedure that is carried out with the aim of changing the nominal value of the national currency in order to stabilize money circulation after hyperinflation and simplify the payment procedure.

What will happen after the denomination in Belarus? During the procedure, old banknotes are exchanged for new ones, usually of lower value (face value), but with the same purchasing power. The denomination provides for the gradual withdrawal of the old currency from circulation. If this happens over several weeks, then most often not the entire money supply is exchanged, which causes additional problems associated with the subsequent inability to exchange currency and loss of funds. If several years are allotted for the procedure, when old banknotes circulate on a par with new ones, and currency can be freely exchanged for new money, then the process occurs, albeit slower, but more harmoniously and stably.

During denomination, salaries, tariffs, the cost of food and services provided, scholarships, pensions and other social benefits are recalculated. The state gets rid of excess money supply, which allows:

• further reduce the costs of issuing new banknotes of larger and larger denominations;
• simplify all calculations: both daily household expenses and monthly income of the population, as well as calculations at the state or international level;
• identify hidden incomes of the population, since in order to avoid financial losses, all savings are exchanged, and non-cash funds are transferred into cash;
• strengthen the national currency in relation to the banknotes of foreign countries.

Denomination is usually carried out after hyperinflation. In other cases, the procedure can undermine the stability of the country’s economy and negatively affect the psychological state of the population. In addition, when denomination is carried out “not according to indications,” purchasing power suffers.

In simple words about denomination

What is this? Simply put, denomination in any country in the world (including denomination in Belarus) is a process when a certain number of zeros are “removed” from a currency, depending on the scale of previous hyperinflation, that is, a sharp and significant depreciation of money.

What will happen to prices and tariffs? In connection with the procedure, all prices and payments (salaries, tariffs, social benefits, scholarships) are recalculated to new money without changes.

Why is denomination needed? The procedure makes it possible to simplify calculations, increase the status of the national currency and, in the future, reduce government costs for issuing banknotes of ever larger denominations.

Reasons for denomination in Belarus

The denomination in Belarus is carried out due to hyperinflation. The country has been experiencing a depreciation of the national currency since independence. From 1992 to 2012, the monetary unit depreciated 237.5 million (!) times, which is almost 12 million percent per year. However, hyperinflation in Belarus is not so “stable”: the highest percentages occurred in the 1990s, and in the 2000s, inflation could be more than fifty percent per year. For comparison: the normal inflation rate is considered to be 3-5% per year.

A rather strange situation has become the reason that every first resident of Belarus can rightfully consider himself a millionaire. One pair of high-quality jeans, for example, cost a little more than one million Belarusian rubles, and the average salary of a doctor was six million.

What will be the denomination in Belarus?

The redenomination in 1994 made it possible to remove only one zero from the national currency in relation to the 1993 banknotes. In 2000, one thousand was exchanged for one ruble, and in 2016 the exchange ratio will be 1 to 10,000.

A similar situation occurred only in one of the union republics. Thus, in 1995, Georgia reduced the value of the national currency by a million times, but it is also far from Belarus, where the ratio of the 2016 ruble to the 1993 currency was 100 million times.

What will happen after the 2016 denomination? The denomination of the ruble in Belarus in 2016 involves “reducing the number of zeros” on banknotes by 4. Thus, if a certain product previously cost 1,000,000 rubles, now its price will be 100.

Timing of the economic procedure

Money denomination in Belarus will be carried out until the end of 2021. The process started on July 1, 2016 and includes the following stages:

• until December 31, 2016, money exchange is carried out without restrictions, the old and new currency are in parallel circulation;
• until December 31, 2019, exchange will be possible in banks and non-banking organizations;
• until December 31, 2021, it will be possible to exchange old banknotes for new ones only at the National Bank.

Until the end of this year (2016), sellers are required to indicate two prices simultaneously: the cost of goods and services before and after denomination.

What will the new banknotes be like?

Each of the new banknotes will be dedicated to one of the six regions of the country and the capital. When developing the design, images of architectural monuments were used. Eight coin denominations have also been prepared. according to the President of the Republic of Belarus, “they are somewhat reminiscent of the euro.”

Even the National Bank indicated in its official statement that the new banknotes are somewhat unusual (“have some features”). Firstly, there will be a spelling error on the fifty-ruble bill, and secondly, P. Prokopovich, who no longer holds this post, will be indicated as the head of the National Bank on the new banknotes. Such confusion resulted from the fact that preparations for a large-scale denomination in Belarus began back in 2008, when part of the banknotes were printed, but the global financial crisis prevented the plan from being carried out. Since then, the republic has managed to carry out a language reform and change the head of the National Bank.

Rate against other currencies

What will happen after the redenomination in Belarus in relation to other currencies? Some online converters currently consider the exchange rate to be the same as before the denomination, others have already “rebuilt”.

At the moment, one ruble costs 33 Russian or 13 hryvnia. One dollar after redenomination in Belarus costs a little less than two rubles, one euro - a little more.

Denomination is a change in the face value of money. Usually expressed in “cutting off” a certain number of zeros from old banknotes and issuing new money of a lower denomination into circulation. Often the need for denomination arises after hyperinflation in order to simplify calculations.

The denomination of the Belarusian ruble has already occurred twice in its relatively short history. Back in 1992, new money appeared in Belarus - the well-known “bunnies”, “squirrels”, “bisons”... True, while new banknotes were being printed, inflation was doing its dirty work. As a result, prices rose significantly, and they decided to increase the denomination of the new banknotes, mentally adding 1 zero to the number on the banknote. For example, the famous bunny, which had the number “1” on it, was in practice accepted not as 1 ruble, but as 10.

Two years later, the first denomination of the Belarusian ruble took place - denomination 1994. One zero was removed from the banknotes (which, in fact, was never there), and prices for goods and services were recalculated accordingly.

Just 5 years later, Belarusians became millionaires - by 1999, a banknote with a face value of 5 million rubles was already in circulation. A decision was made on a second denomination, and the country entered the year 2000 with new money, deprived of three more zeros.

And recently the crisis year of 2011 struck. The ruble has depreciated three times (and by today - almost four times), inflation in one year exceeded 108%. The National Bank issued a banknote with a face value of 200,000 rubles, and senior officials began to carefully pronounce the word “denomination” out loud.

And in October 2013, President of Belarus Alexander Lukashenko openly stated that the new money had already been printed and was in the warehouse. And the head of the National Bank, Nadezhda Ermakova, has repeatedly spoken about carrying out a redenomination after the economic situation in the country has stabilized. But when exactly the third Belarusian denomination will happen is still unclear.

According to President Lukashenko, in order to carry out a redenomination, “there should not be such an interest rate, there should be no anxiety in the market, so that the population does not worry.”

Nadezhda Ermakova agrees with him: “We need to restore the entire economy, put the entire monetary system in order, so that our interest rates are normal, then we can talk about redenomination. Any denomination still leads to increased inflation.”

Denomination, although it does not affect the fundamental principles of the economy, can indeed lead to higher prices. The psychological effect of denomination is often expressed in increased consumption by the population, which, in turn, leads to inflation.

On November 4, 2015, by Decree of the President of the Republic of Belarus, a decision was made to carry out the denomination of the national currency. The denomination in Belarus was carried out on July 1, 2016, with the current 10 thousand Belarusian rubles being equal to 1 Belarusian ruble of the new standard. Accordingly, prices for goods after the denomination lost 4 zeros to current prices.

After the denomination, the Belarusian ruble decreased immediately by 10,000 times, and banknotes of the 2000 model in circulation are gradually being replaced by banknotes and coins of the 2009 model. Thus, 100 rubles, the lowest denomination of the banknote, will be replaced by the lowest denomination of the new banknote - 1 kopeck.

In total, seven denominations of banknotes appeared in circulation - 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.

After the denomination on July 1 in Belarus, until the end of 2016, banknotes of the 2000 and 2009 samples were in parallel circulation and were mandatory for acceptance when making all types of payments without restrictions. Since the beginning of 2017, Belarus has completely switched to new banknotes.

In Belarus, the procedure for exchanging old-style banknotes has been determined. Old money can be exchanged for new ones at the National Bank and non-bank financial institutions of the Republic of Belarus from January 1, 2017 to December 31, 2019 inclusive. From July 1, 2020 to December 31, 2021 inclusive, banknotes will be exchanged only in. From January 1, 2022, banknotes of the 2000 model will be considered invalid.

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Banks are reinstalling computer programs. Stores are rewriting price tags. People train in their minds to recalculate the cost of goods using new money. Bonists review the contents of wallets in the hope of finding banknotes in perfect condition. Meanwhile, the current denomination is not the first in the history of our country.

No. 1. The ruble became the ruble

This happened for the first time on August 20, 1994. The essence of that denomination is difficult to explain to the current generation, because the ruble became a ruble, and one hundred rubles (yes, yes, yes) became a hundred. The reason is simple: in 1992, the first Belarusian money appeared - the famous “bunnies”. The series depicted the animal world of our country, from the squirrel (50 kopecks) to the bison (100 rubles). Officially, 1 Belarusian ruble was equal to 10 Soviet rubles. But while the banknotes were being prepared for circulation, prices rose. They decided to inflate the cost of the “bunnies” tenfold: a 1 ruble banknote actually meant 10 rubles. There is still confusion. Especially considering that at this time Belarusians still had Soviet money in their wallets, which were also accepted for payment. During the redenomination, non-existent zeros were simply removed from our rubles.

Two years earlier, payment tickets in denominations of 200 and 500 rubles were introduced into circulation. Since we couldn’t find any animals larger than the bison, we printed views of Minsk – Station Square and Victory Square. In 1993, a 1000 ruble banknote with the image of the Academy of Sciences was put into circulation, and in 1994 - 5000 with the Trinity Suburb.

Total: denomination of the ruble by 10 times.

No. 2. Instead of millions - thousands

Another denomination occurred on January 1, 2000. During this time, banknotes were issued in denominations of 20,000 rubles (1994, with the image of the National Bank), 50,000 rubles (1995, with a view of the Brest Fortress), 100,000 (1996, with the image of the Bolshoi Opera and Ballet Theater), 500 000 rubles (1998, Minsk Palace of Culture of Trade Unions), 1,000,000 rubles (1999, National Art Museum). The largest banknote of 5,000,000 rubles was released on September 6, 1999. It was decorated with the Sports Palace in Minsk and the ski jumps of the sports complex in Raubichi.

During redenomination, three zeros disappeared from banknotes. The color design of the old banknotes was changed, and at the same time a 10 ruble banknote was issued. It depicted the building that was occupied at that time by the National Library.

Total: denomination of the ruble 1000 times.

No. 3. Hello, penny!

This denomination is scheduled for July 1 of this year. What do we have in stock? In 2001, the National Bank introduced into circulation a banknote of 10,000 rubles (with views of Vitebsk), a year later - a bill of 20,000 rubles with images of the sights of Gomel, a few months later - a banknote of 50,000. It was decorated with the Mir Castle. In 2005, 100,000th banknotes were printed (Radziwill Castle in Nesvizh), and on March 12, 2012, the population received a 200,000th “piece of paper” with an image of the Mogilev Regional Art Museum. All National Bank notes issued since 2001 (the two hundred thousandth note is no exception) refer to the issue of banknotes of the 2000 model, as indicated by the number on the bill.

The new denomination will help simplify financial transactions. For the first time in the history of the Belarusian ruble, we will have coins. There will be 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. Until December 31 of this year, old money will be accepted for payment on an equal basis with new ones. In a few more years, the population will be given the opportunity to exchange them at a bank. And only from January 1, 2022, our current money will become a full-fledged object of attention for bonuses.

Total: denomination of the ruble by 10,000 times.

TO THE POINT

“Do you often have to count money? Too used to millions? How to live after July 1? Get to know new money in advance using augmented reality technology!” These are the words from the developers of the new mobile application. "Denomination". It is available for Android and IOS users. The principle is simple: you point the camera at one of the current banknotes and get an image of its new counterpart. The application will also automatically calculate the amount in new rubles and convert it into dollars, euros and Russian rubles at the rate of the National Bank. However, the developers clarify, the application does not recognize several bills of the same denomination.

17:27 04.11.2015

From July 1, 2016, the Republic of Belarus will denominate the official currency - the Belarusian ruble. The corresponding decision was made by Decree of the President of the Republic of Belarus dated November 4, 2015 No. 450.

The denomination will be carried out by replacing the banknotes of the 2000 model in circulation with banknotes and coins of the 2009 model in the ratio of 10,000 Belarusian rubles in banknotes of the 2000 model to 1 Belarusian ruble in banknotes of the 2009 model. That is, taking into account the chosen scale of enlargement of the Belarusian ruble (1:10,000), the lowest denomination of the banknote currently in force - 100 rubles - will be replaced by the lowest denomination of the new money series - 1 kopeck.

In total, from July 1, 2016, seven denominations of banknotes will be issued into circulation - 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.

The general design concept of the new banknotes corresponds to the motto “My Country - Belarus”. Each banknote is dedicated to one of the regions of Belarus and the city of Minsk. The correspondence of the area to the denomination of banknotes is determined in alphabetical order. The image of a banknote in denomination of 5 rubles is dedicated to the Brest region, 10 rubles - to the Vitebsk region, 20 rubles - to the Gomel region, 50 rubles - to the Grodno region, 100 rubles - to the Minsk region, 200 rubles - to the Mogilev region, 500 rubles - to Minsk. The design of the new banknotes of the 2009 series maintains continuity with the banknote series of the 2000 series in terms of the use of images of architectural and urban planning monuments.

On the obverse (front side) of the change (circulation) coins put into circulation, the State Emblem of the Republic of Belarus is depicted, on the reverse (back side) - digital designations of the coin denominations.

Until July 1, 2016, the only legal tender for cash payments in the Republic of Belarus will be banknotes of the 2000 model currently in circulation.

From July 1 to December 31, 2016 inclusive, banknotes of the 2000 model, as well as banknotes and coins of the 2009 model, will be in parallel circulation and must be accepted for all types of payments by all business entities without restrictions.

Over the next five years - from January 1, 2017 to December 31, 2021 inclusive - banknotes of the 2000 model will be exchanged for banknotes of the 2009 model in any amount without restrictions and without charging a commission.

In this case, it will be possible to exchange old banknotes for new ones:

from January 1, 2017 to December 31, 2019 inclusive - in the National Bank, banks and non-bank financial institutions of the Republic of Belarus;

from July 1, 2020 to December 31, 2021 inclusive - at the National Bank of the Republic of Belarus.

The decision to denominate the Belarusian ruble was made in order to improve monetary circulation, simplify accounting and settlements, maintain an optimal banknote structure of the money supply, and significantly reduce government expenses for servicing cash circulation in the Republic of Belarus.

The denomination process is of a technical nature and will not affect the purchasing power of the Belarusian ruble, the exchange rate of the national currency against foreign currencies, as well as the actual level of inflation.

Thus, prices for goods and services from July 1, 2016 will be recalculated taking into account the selected denomination scale - 1:10,000. In other words, if before the denomination a product cost, for example, 100,000 rubles, then after the denomination its price will be 10 rubles. At the same time, to make it easier for buyers to adapt to such changes, during the parallel circulation of old and new banknotes, that is, from July 1 to December 31, 2016, all business entities will be required to indicate two prices - old and new.

Using a similar principle, when carrying out denomination, salaries, pensions, scholarships, cash balances in bank accounts, balance sheets of enterprises and institutions, etc. will be recalculated.

It should be noted that preparations for the denomination in the Republic of Belarus took quite a long period. Thus, the new banknotes, which will be put into circulation on July 1, 2016, were manufactured by order of the National Bank of the Republic of Belarus back in 2008. However, then, due to the global economic crisis and, as a consequence, the deterioration of the economic situation in our country, the denomination was postponed, and the manufactured banknotes were transferred to the Central Vault of the National Bank.

Taking into account the time of production, new Belarusian rubles have certain features. In particular, on the 2009 banknotes issued for circulation there is a facsimile of the signature of P.P., who at that time held the position of Chairman of the Board of the National Bank of the Republic of Belarus. Prokopovich. In addition, the new 50-ruble banknote bears the inscription “pyatsdzesyat,” which does not comply with the current rules of Belarusian spelling. In accordance with the Law of the Republic of Belarus dated July 23, 2008 No. 420-Z “On the rules of Belarusian spelling and punctuation,” this word must be written through the letter “ya” in the second syllable - “pyatsdzyasyat”.

When the National Bank makes subsequent orders for the production of new banknotes, these discrepancies will be eliminated.

Images of banknotes and coins of the National Bank of the Republic of Belarus, issued for circulation from July 1, 2016, can be found on the official website of the National Bank athttp://www.nbrb.by/Press/?nId=1214

Department of Information and Public RelationsNational Bank of the Republic of Belarus