Belarusian official currency redenominated

The Belarusian official currency was redenominated on 1 July.

On 4 November 2015 Belarus President Alexander Lukashenko signed decree No. 450 “Concerning the redenomination of the official currency of the Republic of Belarus”. The document specifies that the official currency of the Republic of Belarus will be redenominated on 1 July 2016. As a result, all banknotes of the so-called 2000 series will be exchanged for banknotes and coins of the 2009 series at a rate of 10,000:1.

Starting from 1 July 2016, commemorative banknotes issued by the National Bank shall be accepted in all kinds of payments without restriction in the abovementioned ratio, commemorative and bullion (investment) coins issued by the National Bank shall be accepted in all kinds of payments without restriction depending on their notional value.