Thursday, March 17, 2016

New Ruble

From Wikipedia:
"New Belarusian ruble"


 
The new Belarusian ruble (Belarusian: новы рубель novy rubyel, (partitive) genitive plural: новых рублёў novykh rublyow) will be the official currency of Belarus from July 2016, thus replacing the old Belarusian ruble. The symbol for the ruble is Br and the ISO 4217 code is BYN. In 2016, banknotes will be introduced in denominations of 5, 10, 20, 50, 100, 200, and 500 rubles. On 4 November, 2015 the National Bank of the Republic of Belarus announced that the banknotes that has been in use at that time will be replaced by the new ones due to the upcoming redenomination. The banknotes will have security threads and will show 2009 as an issue date (the date of an unsuccessful attempt at currency reform). Their designs will be similar to those of the euro. The future ISO 4217 code will be BYN. The redenomination will be made in a ratio of 1:10,000 (10,000 rubles of 2000 pattern = 1 rubles of 2009 pattern). This currency reform also brings the introduction of coins, for the first time in The Republic of Belarus In 2016, for the first time in the history of Belarusian ruble, coins will be introduced due to the redenomination planned. Slovakia has offered to mint the coins, and has provided prototypes. The coins of up to 5 kapeykas are to be struck in steel and copper; the 10, 20, 50 coins in steel, copper and brass; and the 1 and 2 rubles coins in steel, brass and nickel. All coins will show the National emblem of Belarus, the inscription 'БЕЛАРУСЬ' (Belarus) and the year of minting on their obverses. The reverse will show the value of the coin accompanied by different ornaments with their own meanings.  The banknotes are printed by the banknote manufacturer, security printing, papermaking and cash handling systems company De La Rue in the United Kingdom. As for coins, they have been minted by both the Lithuanian Mint and the Kremnica Mint. Both banknotes and coins have been ready in 2009, but the financial crisis prevented them from being put into circulation immediately, resulting in a 7-years delay conditional on the necessity to lower inflation.
 
 
^ I collect currency bills from around the world so this is something I am interested in. Not only can I add it to my collection, but it will make it easier for Belarusians and anyone in Belarus to do everyday things like shopping. I have several Belarusian friends and they have seen their currency revalued in the past and so are as "excited" but they hope this time inflation, etc. will improve. ^
 

https://en.wikipedia.org/wiki/New_Belarusian_ruble
 
 

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