Time Period: 1992-1999

Currency: 1st Belarusian Ruble


Timeline

  • 21.12.1990
  • Parliamentary resolution [No. 475-XII] on the establishment of the National Bank of the Republic of Belarus (nationalization of the State Bank of the USSR); effective upon constitution of the bank on 01.01.1991
  • 20.05.1992
  • Government resolution [No. 293] on the issuance of provisional paper money by the National Bank (circulating in parallel with Soviet and Russian banknotes); effective 01.07.1992
  • 01.07.1992
  • Start of currency exchange:
    - 01.07.1992: Start of issuance of the new banknotes
    - 25.07.1993: Government resolution [No. 2491-XII/505] on the demonetization of the Soviet banknotes and coins; effective 01.08.1993
    - 18.05.1994: Central bank resolution [No. 5] on sole legal tender status of the Belarusian Ruble, demonetizing the Russian currency; effective immediately (legislated by government resolution [No. 3326-XII] of 19.10.1994).

Valuation Regimes

  • 1992
  • Fixed rate against Russian Ruble (1991)
  • 1992-1995
  • Variable rate, highly inflationary
  • 1995-1996
  • Fixed rate against US Dollar
  • 1996-1999
  • Variable rate, highly inflationary

Rate Arrangements

  • 01.07.1992
  • Fixed
  • Russian Ruble (1991) at 10 : 1
  • ±0.0%
  • 01.01.1993
  • Variable
  • initially: US Dollar at 1 : 41.45
  • -69.8%
  • 29.03.1995
  • Fixed
  • US Dollar at 1 : 11'500
  • -
  • 01.04.1996
  • Variable
  • initially: US Dollar at 1 : 11'500
  • ±0.0%


Time Period: 2000-2016

Currency: 2nd Belarusian Ruble


Timeline

  • 19.10.1999
  • Presidential decree [No. 613] on the currency redenomination; effective 01.01.2000
  • 01.01.2000
  • Start of currency exchange:
    - 01.01.2000: Start of issuance of the new banknotes
    - 31.12.2003: Demonetization of the former currency.

Valuation Regimes

  • 2000-2016
  • Variable rate, highly inflationary

Rate Arrangements

  • 01.01.2000
  • Variable
  • initially: US Dollar at 1 : 320
  • ±0.0%


Time Period: 2016-

Currency: 3rd Belarusian Ruble


Timeline

  • 04.11.2015
  • Presidential decree [No. 450] on the currency redenomination; effective 01.07.2016
  • 01.07.2016
  • Start of currency exchange:
    - 01.07.2016: Start of issuance of the new banknotes and coins
    - 31.12.2016: Demonetization of the former currency.

Valuation Regimes

  • 2000-2016
  • Variable rate

Rate Arrangements

  • 01.07.2016
  • Variable
  • initially: US Dollar at 1 : 2.005
  • ±0.0%


End-year Forex Rates (Units per US Dollar)