About the Belarusian Ruble
The current Belarusian Ruble (BYN) was introduced in 2016, replacing the previous ruble (BYR) at a rate of 10,000:1. This redenomination aimed to simplify transactions and restore confidence after a period of high inflation.
The name 'Ruble' is derived from the Russian word 'rubit', meaning 'to chop', possibly referring to a piece chopped off a silver ingot.
Interesting Facts
Three Redenominations
Belarus has redenominated its currency three times since 1992, lopping off a total of eight zeros due to periods of hyperinflation.
Close Ties to the Russian Ruble
The Belarusian Ruble's value is heavily influenced by the economy of Russia, its main political and economic partner.
National Landmarks on Notes
The banknotes of the current series feature various architectural landmarks from across Belarus.
Historical Timeline
The first Belarusian Ruble is introduced after the dissolution of the Soviet Union.
A second ruble (BYR) is introduced, removing three zeros from the first.
The third and current ruble (BYN) is introduced, removing four zeros.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- BYN
- Symbol
- Br
- Numeric Code
- 933
- Subunit
- Kapeyka (1/100)
- Introduced
- 2016-07-01
Central Bank
- Name
- National Bank of the Republic of Belarus
- Headquarters
- Minsk, Belarus
- Founded
- 1922
- Current Governor
- Pavel Kallaur (since 2014)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 5.9%
- Interest Rate
- 9.50%
Exchange Rates
What Affects the BYN Exchange Rate?
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