What is the currency in Belarus?Just as we, the Russians, Belarusians have their ruble, also known as "bunny".This is an interesting currency.It was created in a complex of Belarus for the transition period following the collapse of the Soviet Union, but still held as a full-fledged, recognized by all countries in the world currency.
Belarusian ruble: Interesting Facts
What is the currency in Belarus?Definitely - the ruble.But in the early 90's, when the newly independent Republic of Belarus has been working on the creation of banknotes, it had the idea to name the national bank note "thaler".That's were called in the Middle Ages, some types of coins in Germany, and this word became common in Europe."Taler" became the prototype for "dollar", as well as a number of other currencies at different times.
However, this initiative was not accepted by the Presidium of the Supreme Soviet of Belarus - a majority voted against.Another fact: the Belarusians are sometimes called its currency "bunnies."This is because on the bills in denominations of 1 ruble issued in 1992, was portrayed by the hare.People very quickly adapt himself to call the name of the new currency furry animal.
Belarusian ruble history
After the collapse of the USSR, all former republics began to print their banknotes.About what kind of currency in Belarus should appear as an alternative to the Soviet ruble, the local government began to worry in 1992.First introduced the so-called coupons.In May 1992, the National Bank introduced the country's "calculated tickets," which began to be used simultaneously with the ruble (still Soviet-style).When you buy something at the store had to pay both types of settlement funds.In July 1992, there were national Belarusian rubles, however, in the form of non-cash: they were the Central Bank of Russia on a special correspondent account.Amid the former Soviet republics the ruble zone in 1992, Belarus has banned to pay bills of Russian origin and the Soviet era and secure "tickets" as the only legitimate means of payment for goods and services.
In 1993 rubles were withdrawn from circulation.In 1994, the country's National Bank announced a resolution "On tender of the Republic of Belarus."According to this document, the country has a new currency - the Belarusian ruble.Estimated ticket exchange for his ratio of 1 to 10. In the same year was held denomination of the ruble to the cost of the two payment instruments has leveled off.National bank note Belarus was traded on the stock exchanges.Foreigners from this moment, in turn, now had to keep in mind what currency taken in Belarus.
Inflation in the 90
Before deciding which currency in Belarus will be able to function as a full-fledged means of payment, the country's bankers working in difficult economic conditions.When she finally was approved, the realities of the post-Soviet collapse of the young state to feel in full.In the 90s a new type of currency of the Republic of Belarus in view of inflationary processes has grown in nominal and also became cheaper in relation to the world's main currency.For example, in early 1994 the dollar was worth 3,800 "birds", and in December - more than 10 000. In 1995, the ruble continued to fall in price, but more slowly - in March, the American bank note worth about 12 000 units of Belarus.Moreover, until the spring of 1996 exchange rate fluctuations were altogether insignificant.However, as noted by some financial analysts, this was due to a large IMF loan - about 300 million. Dollars.However, in mid-1996 the Belarusian ruble again began to lose in price.By December the rate was established at a level of 1 to 15 000. And that, experts note, only a nominal figure.The real market value for required about 26 000 units of banknotes of Belarus to the US dollar.
By December 1998, the rate reached a level of 1 to 320 000. In 2000, the Belarusian ruble has undergone a denomination - were introduced banknotes from 1 to 5000 national banknotes.Belarusians, especially entrepreneurs, sometimes used in the calculations is the American currencies.Living in the country, as noted by some experts, and do not know what money is considered a national of Belarus - dollars or still "hare."
2000s: relative stability?
In the year of the denomination of the Belarusian ruble continued to fall in price dramatically - by December, the dollar exchange rate was 1 in 1180. But in the next few years occurred relative smoothness value adjustments "bunny".From 2001 to 2008, the rate of the Belarusian ruble rose to 2100-2200 units per dollar.
first in a long time there was a surge of devaluation in early 2009, when the bank note in Belarus has fallen to a value of 2650 for 1 unit of US currency.By mid-year the figure rose to 4930. In practice, there are two courses - the official and "underground."By October, 1 US dollar was required to pay 8680 rubles.Since then and up to the present time, however, the exchange rate in Belarus has not changed very much.Now for 1 dollar should pay about 10 thousand. Rubles.
What determines the rate of the Belarusian ruble
On the national currency of Belarus is affected by many factors.Now, as recognized by many economists, the economy is undergoing difficult times.Belarus needs to pay external debts, diversify exports.If these issues will fail, the national currency of the country, analysts say, will be cheaper.An important role, according to experts, Russia plays.Late last year, the summit failed to agree that Russia will give Belarus a loan for 10 years at 450 million. Dollars.Russian state-owned banks are also able to provide additional loans to the neighboring country.At the end of 2013 Belarus has received a loan from VTB in the amount of 440 million. Dollars, but analysts say it is not enough in view of payments on the state debt in the amount of 3.6 billion units of the US currency in 2014. What's Belarus there a way out?First, experts say, - sale of public enterprises, privatization.The second - to negotiate with other countries (primarily with Russia) about the further work with public debt.On how the government of Belarus will conduct business in each of these areas, and will largely depend on the course of the national currency.What is the currency in Belarus - a stable, promising or crisis-prone?The question is difficult, and not all the experts can answer it clearly.
Ruble and Altyn
Currency Belarus, as well as its Russian counterpart - one of the leading means of payment in the Customs Union - interstate economic unification of Russia, Belarus and Kazakhstan.Recently, the media reported that soon banknotes on a par with the three countries will be a new currency - the Altyn.According to these reports, the currency can be introduced into circulation in 2025 (and in some media have projections, which featured 2019).
There are experts who claim that the interstate, though unofficial, the agreement on the circulation of banknotes already have.The initiative of the governments of the three countries is connected, according to analysts, with the complication of the international political situation, as well as the fact that the integration of the economies may require the introduction of universal means of payment.
