Belarus to have denomination with new rubles and kopeks (photo)

On July 1, 2016 Belarus will have a denomination of the Belarusian ruble. The decree was signed on November 4 by Aliaksandr Lukashenka.

According to the press service of the National Bank of Belarus, the denomination will be carried out by replacing the banknotes of 2000 for banknotes and coins of 2009 in a ratio of 10,000 "old" rubles to 1 "new" ruble. This means that the current 100 rubles will be replaced by 1 kopek.

Earlier, Aliaksandr Lukashenka said that the new money was printed already six years ago and is waiting for its time (see. Video).

The National Bank has announced that there will be seven denominations - 5, 10, 20, 50, 100, 200 and 500 rubles, eight denominations of coins - 1, 2, 5, 10, 20 and 50 kopeks, and 1 and 2 rubles.

It is noted that each banknote corresponds to one of the regions of Belarus and Minsk. The new money will have the signature of the former head of the National Bank Piotr Prakapovich (the money was printed when he was the Chairman).

From July 1, 2016 to December 31, 2016 the "old" and "new" money will be in parallel circulation. For five years the bills of 2000 will be exchanged for the bills of 2009. For details, see here.

After denomination, if the dollar rate remains at today's level - one dollar will cost 1.75 rubles. And the largest denomination of 500 rubles will cost $285. Now the biggest denomination of 200 thousand is worth 11.5 dollars.