View source for Belarusian ruble

{{Short description|Currency of Belarus}}
{{Infobox currency
| name = Belarusian Ruble
| local_name = беларускі рубель
| local_name_lang = be
| local_name2 = белорусский рубль
| local_name_lang2 = ru
| name_abbr = руб, р, Rbl<ref>{{cite web|url=https://openknowledge.worldbank.org/bitstream/handle/10986/33367/33304.pdf?sequence=4|title=World Bank Editorial Style Guide 2020 - page 134 |website=openknowledge.worldbank.org |access-date=2022-09-03}}</ref>
| image_1 = File:200 Belarus 2009 front.jpg
| image_title_1 = 200 ruble banknote (third ruble, obverse)
| image_2 = File:20 kapeykas Belarus 2009 reverse.png
| image_title_2 = 20 copeck coin (reverse)
| iso_code = BYN
| iso_comment=before: BYB, BYR
| date_of_introduction = 1 June 1994<ref name="ISO77">{{cite web |title=ISO4217 AMENDMENT NUMBER 77 - 1994-07-20 |url=https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_77.pdf}}</ref>
| using_countries = {{BLR}}
| replaced_currency = [[Russian ruble]]<ref name="ISO77"/>
| inflation_rate = 5.5%
| inflation_source_date = ''[https://www.theglobaleconomy.com/Belarus/inflation_annual/ The Global Economy]'', 2024.
| subunit_ratio_1 = {{frac|1|100}}
| subunit_name_1 = [[kopeck]]
| symbol = Rbl
| plural_slavic = Y
| frequently_used_coins = 1&nbsp;cop, 2&nbsp;cop, 5&nbsp;cop, 10&nbsp;cop, 20&nbsp;cop, 50&nbsp;cop, Rbl&nbsp;1, Rbls&nbsp;2
| rarely_used_coins = 
| frequently_used_banknotes = Rbls&nbsp;5, Rbls&nbsp;10, Rbls&nbsp;20, Rbls&nbsp;50, Rbls&nbsp;100, Rbls&nbsp;200
| rarely_used_banknotes = Rbls&nbsp;500
| issuing_authority = [[National Bank of the Republic of Belarus]]
| issuing_authority_website = {{URL|www.nbrb.by}}
}}

The '''ruble''', '''rouble''' or '''rubel''' ({{langx|be|рубель|rubieĺ}}; {{langx|ru|рубль|rubl'}}; [[Currency symbol|abbreviation]]: '''Br''',<ref>[https://www.nbrb.by/Press/Print/?nId=247 Национальный банк Республики Беларусь | пресс-релизы] {{webarchive|url=https://web.archive.org/web/20110604020720/http://www.nbrb.by/Press/Print/?nId=247 |date=2011-06-04 }} Управление информации [[National Bank of the Republic of Belarus]], 11.05.2005.</ref> [[ISO 4217|ISO code]]: '''BYN''') is the [[currency]] of [[Belarus]]. It is subdivided into 100 [[kopeck]]s ({{langx|be|капейка|kapiejka}}, {{langx|ru|копейка|kopeyka}}).<ref>{{Cite web|url=http://www.nbrb.by/engl/coinsbanknotes/coins|title=Coins Put into Circulation by the National Bank of the Republic of Belarus {{!}} National Bank of the Republic of Belarus|website=www.nbrb.by|access-date=2019-07-23}}</ref>

The exchange rate of the Belarusian ruble is determined based on a basket of currencies consisting of the [[Russian ruble]] (with a weight of 60%), the [[US dollar]] (with a weight of 30%) and the [[renminbi]] (with a weight of 10%). The [[Euro]] was part of said currency basket but was excluded in December 2022 due to a decrease in the volume of trade between [[Belarus]] and the [[European Union]].<ref>[https://beroc.org/upload/medialibrary/7fa/7fa24e5e791edce99c61cfe0c14803ce.pdf CURRENCY BELARUS MARKET: MAIN TRENDS AND CHALLENGES]</ref><ref>{{Cite web |title=Belarus |url=https://www.state.gov/reports/2024-investment-climate-statements/belarus/ |access-date=2024-12-22 |website=United States Department of State |language=en-US}}</ref><ref>{{Cite web |date=2022-12-08 |title=Belarus central bank to remove euro from currency basket weightings |url=https://www.euronews.com/next/2022/12/08/belarus-economy-exchange-rate |access-date=2024-12-22 |website=euronews |language=en}}</ref>

==History==
==={{anchor|BYB}}First ruble (BYB), 1992–2000===
As a result of the breakup of the [[supply chain]] in the former [[Soviet Union|Soviet]] enterprises, goods started to be bought and sold in the [[Market (economics)|market]], often requiring [[Cash|cash settlement]]. The Belarusian unit of the [[Gosbank|USSR State Bank]] had neither the capacity nor the licence to print Soviet [[banknote]]s, so the government decided to introduce its own [[national currency]] to ease the cash situation. The German word ''[[Thaler]]'' ({{langx|be|талер}}), divided into 100 ''[[Groschen]]'' ({{langx|be|грош}}) was suggested as the name for a Belarusian currency, but the [[Communist]] majority in the [[Supreme Soviet of Belarus]] rejected the proposal and stuck to the word ''ruble'' that had been used in Belarus from the times of the [[Soviet Union]] and the [[Russian Empire]].<ref>{{Cite web | archive-url=https://web.archive.org/web/20160124163823/http://www.kp.ru/daily/25840.3/2811879/ | archive-date=2016-01-24 | title=Расследование «КП»: белорусского «зайчика» списали из детской книжки! | language=ru | trans-title=“KP” investigation: the Belarusian “bunny” was copied from a children’s book! | url=http://www.kp.ru/daily/25840.3/2811879/}}</ref> The word ''ruble'' has also been used as a name for a currency in circulation in the medieval [[Grand Duchy of Lithuania]], of which Belarus was a major part (see [[Lithuanian long currency]]).

From the collapse of the Soviet Union until May 1992, the [[Soviet ruble]] circulated in Belarus alongside the Belarusian ruble. New [[Russian ruble]] banknotes also circulated in Belarus, but were replaced by notes issued by the [[National Bank of the Republic of Belarus]] in May 1992.<ref name="bynote">{{cite web | author=National Bank of the Republic of Belarus | author-link=National Bank of the Republic of Belarus | url=http://www.nbrb.by/engl/CoinsBanknotes/ | title=NBRB banknotes | access-date=2006-12-30}}</ref> The first post-Soviet Belarusian ruble was assigned the ISO code ''BYB'' and replaced the Soviet currency at the rate of 1 Belarusian ruble = 10 Soviet/Russian rubles. It took about two years before the ruble became the official currency of the country in 1994 replacing Russian rubles.<ref name="ISO77"/><ref name="bynote" />

==={{anchor|BYR}}Second ruble (BYR), 2000–2016===
In 2000, a new ruble was introduced (ISO 4217 code ''BYR''), replacing the first at a rate of 1 BYR = 1,000 BYB. This was [[redenomination]] with three zeros removed. Only banknotes were issued; [[coin]]s were [[Mint (facility)|minted]] solely as [[Commemorative coin|commemorative]] [[Collectable|collectibles]].<ref name="bynote" />

====Monetary integration with Russia====
From the beginning of his presidency in 1994, [[Alexander Lukashenko]] began to suggest the idea of integration with the [[Russia|Russian Federation]], and undertook steps in this direction. The idea of introducing a [[Currency union|united currency]] for the [[Union State|Union of Russia and Belarus]] was floated; Article 13 of the 1999 "''Treaty of Creation of the Union State of Russia and Belarus''" foresaw a unified currency. Belarus' economy was largely a Soviet-style centrally controlled one heavily reliant on cheap energy supplies from Russia.<ref name="Belarus to link currency to dollar" />{{Citation needed|date=March 2010}} Discussions on the common currency continued well past the 2005 implementation goal set by both nations.<ref>{{cite news | title= Will rouble become Belarus currency? | url= http://newsfromrussia.com/main/2003/12/02/51602.html | publisher= Pravda.ru | date= 2003-12-02 | access-date= 2007-10-01 | archive-url= https://web.archive.org/web/20070929120447/http://newsfromrussia.com/main/2003/12/02/51602.html | archive-date= 2007-09-29 | url-status= dead }}</ref> Starting in 2008, the [[National Bank of the Republic of Belarus|Central Bank of Belarus]] announced that the ruble would be tied to the [[United States dollar]] instead of the [[Russian ruble]].<ref name="Belarus to link currency to dollar">{{cite news | title= Belarus to link currency to dollar | url= https://www.boston.com/news/world/europe/articles/2007/08/15/belarus_to_link_currency_to_dollar/ | publisher= [[Associated Press]] | date=2007-08-15 | access-date=2007-10-01 |archive-url = https://web.archive.org/web/20080422011401/http://www.boston.com/news/world/europe/articles/2007/08/15/belarus_to_link_currency_to_dollar/ |archive-date = April 22, 2008}}</ref>{{Dubious|date=March 2010}} Former bank chairman Stanislav Bogdankevich called it a political decision, tied to Belarus' open displeasure with Russia's hike of oil and gas export prices to Belarus earlier that year{{when|date=October 2014}}.<ref name="Belarus to link currency to dollar" />

==={{anchor|BYN}}Third ruble (BYN), 2016–present===
In July 2016, a new ruble was introduced (ISO 4217 code ''BYN''), at a rate of 1 BYN = 10,000 BYR. Old and new rubles circulated in parallel from 1 July to 31 December 2016. Belarus also issued coins for general circulation for the first time. Seven banknote denominations (5-, 10-, 20-, 50-, 100-, 200-, and 500 rubles) and eight coin denominations (1-, 2-, 5-, 10-, 20-, and 50 copecks, and 1- and 2 rubles) are in circulation as of 1 July 2016.<ref>[http://banknotenews.com/files/02c577e0f526e65e6551241600b4d4e9-3682.php Belarus new redenominated notes (B137 - B143) reported for 01.07.2016 introduction] {{Webarchive|url=https://web.archive.org/web/20151208132529/http://banknotenews.com/files/02c577e0f526e65e6551241600b4d4e9-3682.php |date=2015-12-08 }} BanknoteNews.com November 5, 2015. Retrieved on 2015-11-05.</ref><ref>[http://www.nbrb.by/Press/?nId=124&l=en On redenomination of the Belarusian ruble since July 1, 2016] National Bank of the Republic of Belarus (nbrb.by). Retrieved on 2015-11-05.</ref> The banknotes have [[security thread]]s and show 2009 as an issue date (the date of an unsuccessful attempt at [[currency reform]]).

==Coins==
===First series, 2016===
On December 27, 2016,<ref>{{cite web |title=Banknotes and Coins of the National Bank of the Republic of Belarus |url=http://www.nbrb.by/engl/CoinsBanknotes/ |access-date=2012-06-15 |publisher=National Bank of the Republic of Belarus}}</ref> for the first time in the Belarusian ruble's history, coins were introduced, due to the [[redenomination]]. Previously, Belarus was one of the few countries in the world never to have issued coins; this was largely due to rampant [[inflation]], a problem since [[Independence of Belarus|independence]].

[[Slovakia]] offered to mint the coins, and provided prototypes. Coins of up to 5 copecks are struck in [[copper]]-[[Plating|plated]] [[steel]]; 10, 20, and 50 copeck coins are struck in [[brass]]-plated steel; 1 ruble coins are [[nickel]]-plated steel and 2 ruble coins a bi-metallic composition with a brass-plated steel ring and a nickel-plated steel center plug).<ref name="nbrb.by">{{cite web |url=http://www.nbrb.by/Press/?nId=1214 |title=О проведении с 1 июля 2016 г. деноминации белорусского рубля &#124; Национальный банк Республики Беларусь &#124; Национальный банк Республики Беларусь |access-date=2016-07-01 |url-status=dead |archive-url=https://web.archive.org/web/20160713170548/http://www.nbrb.by/Press/?nId=1214 |archive-date=2016-07-13 }} О проведении с 1 июля 2016 г. деноминации белорусского рубля</ref> All coins show the [[national emblem of Belarus]], the inscription 'БЕЛАРУСЬ' (Belarus) and the year of minting on their [[Obverse and reverse|obverse]]. The reverse shows the value of the coin and different symbolic ornaments.

{|class="wikitable" style="font-size: 90%; width: 100%"
|-
!colspan="15"|2016 Belarusian ruble coins
|-
!colspan="2"| Image !!rowspan="2"| Value<br />!!colspan="4"| Technical parameters !!colspan="3"| Description !!colspan="3"| Date of
|-
! Obverse !! Reverse !! Diameter<br />(mm)!! Thickness<br />(mm)!! Mass<br />(g)!! Composition !! Edge !! Obverse !! Reverse !! first minting !! issue

|- {{Coin-copper-color}} 
| style="background:white;text-align:center" | [[File:1_kapeyka_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:1_kapeyka_Belarus_2009_reverse.png|75px]]
|1&nbsp;cop
|15
|rowspan="3"|1.25
|1.55
| rowspan="3"| [[Copper]]-plated [[steel]]
| rowspan="3"| Plain
| rowspan="7"| [[National emblem of Belarus]], name of the country, year of minting 
| rowspan="3"| Value, the ornament symbolizing wealth and prosperity
| rowspan="8"|2009
| rowspan="8"|1 July 2016
|-

|- {{Coin-copper-color}}
| style="background:white;text-align:center" | [[File:2_kapeykas_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:2_kapeykas_Belarus_2009_reverse.png|75px]]
|2&nbsp;cop
|17.5
|2.10
|-

|- {{Coin-copper-color}}
| style="background:white;text-align:center" | [[File:5_kapeykas_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:5_kapeykas_Belarus_2009_reverse.png|75px]]
|5&nbsp;cop
|19.8
|2.7
|-

|- {{Coin-yellow-color}}
| style="background:white;text-align:center" | [[File:10_kapeykas_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:10_kapeykas_Belarus_2009_reverse.png|75px]]
|10&nbsp;cop
|17.7
|1.80
|2.8
| rowspan="3"| [[Brass]]-plated [[steel]]
| rowspan="4"| Reeded
| rowspan="3"| Value, the ornament symbolizing fecundity and vital force
|-

|- {{Coin-yellow-color}}
| style="background:white;text-align:center" | [[File:20_kapeykas_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:20_kapeykas_Belarus_2009_reverse.png|75px]]
|20&nbsp;cop
|20.35
|1.85
|3.7
|-

|- {{Coin-yellow-color}}
| style="background:white;text-align:center" | [[File:50_kapeykas_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:50_kapeykas_Belarus_2009_reverse.png|75px]]
|50&nbsp;cop
|22.25
|1.55
|3.95
|-

|-{{Coin-silver-color}} 
| style="background:white;text-align:center" | [[File:1_ruble_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:1_ruble_Belarus_2009_reverse.png|75px]]
|Rbl&nbsp;1
|21.25
|2.3
|5.6
|[[Nickel]]-plated [[steel]]
| rowspan="2"| Value, the ornament symbolizing the pursuit of happiness and freedom
|-

|- {{Coin-yellow-color}}
| style="background:white;text-align:center" | [[File:2_rubles_Belarus_2009_obverse.png|75px]]
| style="background:white;text-align:center" | [[File:2_rubles_Belarus_2009_reverse.png|75px]]
|Rbls&nbsp;2
|23.5
|2.0
|5.81
|[[Brass]]-plated [[steel]] ring with a nickel-plated steel center plug
|Lettered
| [[National emblem of Belarus]], name of the country, year of minting, divided by Bahach ornament
|-
|}

===Commemorative issues===
[[File:Aladova_(silver)_rv.png|thumb|[[Alena Aladava]], director of the Belarusian National Arts Museum, on the reverse of a centenary issue]]
Belarus is a large producer of commemorative coinage for the [[Numismatics|numismatic]] market, most particularly [[gold]] and [[silver]] [[bullion coin]]s and non-circulating legal tender. Their designs range from fairly commonplace to unique and innovative ONE; themes range from "native culture and events" to [[fairy tale]]s and [[Popular culture|pop culture]] topics unrelated to Belarus. A majority of these coins have a face value of 1 ruble; a few are 3-, 5 rubles and higher. Considered novelties, these coins are unlikely to be seen in general circulation.

==Banknotes==

===First ruble (BYB)===
In 1992, banknotes were introduced in denominations of 50 copecks, and 1, 3, 5, 10, 25, 50, 100, 200, 500, 1,000, and 5,000 rubles. These were followed by banknotes of 20,000 rubles in 1994, 50,000 rubles in 1995, 100,000 rubles in 1996, 500,000 rubles in 1998 and 1,000,000 and 5,000,000 rubles in 1999.

{|class="wikitable" style="font-size: 90%; text-align:center"
! colspan="11" |1992 — 1999 series <ref name="Banknotes of the National Bank of t">{{cite web|title=Banknotes of the National Bank of the Republic of Belarus Out of Circulation|url=http://www.nbrb.by/engl/CoinsBanknotes/Banknotes/OutOfCircl|publisher=National Bank of the Republic of Belarus}}</ref>
|-
!colspan=2| Image !! rowspan="2" | Value !! rowspan="2" | Dimensions !! rowspan="2" | Main Color !! colspan="2" | Description !! colspan="3" | Date of 
|-
!Obverse
!Reverse
!Obverse
!Reverse
!issue
!withdrawal
!lapse
|-
| [[File:Belarus-1992-Bill-0.5-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-0.5-Reverse.jpg|300px]]
| 50&nbsp;cop
| rowspan="11" | 105 × 53&nbsp;mm
| Orange-pink
| Image of [[sciurus]]
| rowspan="11" | [[National emblem of Belarus#Pahonia|Pahonia]] (''"The Chase"'')
| rowspan="8" | 25 May 1992
| rowspan="20" | 1 January 2001
| rowspan="10" |31 December 2000
|-
| [[File:Belarus-1992-Bill-1-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-1-Reverse.jpg|300px]]
| Rbl&nbsp;1
| Grey blue
| Image of the running [[European hare]] or "zaichik" which earned the currency its nickname
|-
| [[File:Belarus-1992-Bill-3-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-3-Reverse.jpg|300px]]
| Rbls&nbsp;3
| Green
| Image of [[beaver]]s
|-
| [[File:Belarus-1992-Bill-5-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-5-Reverse.jpg|300px]]
| Rbls&nbsp;5
| Blue and pink
| Image of [[gray wolf|wolves]]
|-
| [[File:Belarus-1992-Bill-10-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-10-Reverse.jpg|300px]]
| Rbls&nbsp;10
| Dark green
| Image of the [[Eurasian lynx]] with kitten
|-
| [[File:Belarus-1992-Bill-25-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-25-Reverse.jpg|300px]]
| Rbls&nbsp;25
| Orange
| Image of [[moose]]
|-
| [[File:Belarus-1992-Bill-50-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-50-Reverse.jpg|300px]]
| Rbls&nbsp;50
| Violet
| Image of [[brown bear]]
|-
| [[File:Belarus-1992-Bill-100-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-100-Reverse.jpg|300px]]
| Rbls&nbsp;100
| Green-brown
| Image of [[wisent]]
|-
| [[File:Belarus-1992-Bill-200-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-200-Reverse.jpg|300px]]
| Rbls&nbsp;200
| Yellow-green
| Image of the train station square
|rowspan=2| 8 December 1992
|-
| [[File:Belarus-1992-Bill-500-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-500-Reverse.jpg|300px]]
| Rbls&nbsp;500
| Violet-red
| [[Victory Square, Minsk]]
|-
| [[File:Belarus-1992-Bill-1000-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-1000-Reverse.jpg|300px]]
| Rbls&nbsp;1,000
|rowspan=2| Green
|rowspan=2| [[National Academy of Sciences of Belarus]] in Minsk
| 3 November 1993
| rowspan="10" |31 December 2003
|-
| [[File:Belarus-1998-Bill-1000-Obverse.jpg|300px]]
| [[File:Belarus-1998-Bill-1000-Reverse.jpg|300px]]
| Rbls&nbsp;1,000
| 110 × 60&nbsp;mm
| Large image of the number 1,000
| 16 September 1998
|-
| [[File:Belarus-1992-Bill-5000-Obverse.jpg|300px]]
| [[File:Belarus-1992-Bill-5000-Reverse.jpg|300px]]
| Rbls&nbsp;5,000
| 105 × 60&nbsp;mm
|rowspan=2| Red
|rowspan=2| [[Trinity Hill]] in [[Minsk]]
| Pahonia
| 7 April 1994
|-
| [[File:Belarus-1998-Bill-5000-Obverse.jpg|300px]]
| [[File:Belarus-1998-Bill-5000-Reverse.jpg|300px]]
| Rbls&nbsp;5,000
| 110 × 60&nbsp;mm
| Large image of the number 5,000
| 16 September 1998
|-
| [[File:Belarus-1994-Bill-20000-Obverse.jpg|300px]]
| [[File:Belarus-1994-Bill-20000-Reverse.jpg|300px]]
| Rbls&nbsp;20,000
|rowspan=6| 150 × 69&nbsp;mm
| Olive-yellow
| [[National Bank of the Republic of Belarus]]
| Pahonia
| 28 December 1994
|-
| [[File:Belarus-1995-Bill-50000-Obverse.jpg|300px]]
| [[File:Belarus-1995-Bill-50000-Reverse.jpg|300px]]
| Rbls&nbsp;50,000
| Light brown
| [[Kholm Gate]]
| [[Brest Fortress]] Memorial
| 15 September 1995
|-
| [[File:Belarus-1996-Bill-100000-Obverse.jpg|300px]]
| [[File:Belarus-1996-Bill-100000-Reverse.jpg|300px]]
| Rbls&nbsp;100,000
| Grey-brown
| [[Opera and Ballet Theatre (Minsk)]]
| Scene from the ballet "Favourite" («Избранница») by E.A. Hlebau
| 17 October 1996
|-
| [[File:Belarus-1998-Bill-500000-Obverse.jpg|300px]]
| [[File:Belarus-1998-Bill-500000-Reverse.jpg|300px]]
| Rbls&nbsp;500,000
| Orange-red
| The Republican Trade Unions' [[Palace of Culture]] in [[Minsk]]
| Architectural decorations on the Republican Palace of Culture of Belarus
| 1 December 1998
|-
| [[File:Belarus-1999-Bill-1000000-Obverse.jpg|300px]]
| [[File:Belarus-1999-Bill-1000000-Reverse.jpg|300px]]
| Rbls&nbsp;1,000,000
| Sky-blue
| The National Museum of Arts of Belarus in Minsk
| Fragment of the picture "Portrait of wife with flowers and fruits" by I. Khrutski
| 30 April 1999
|-
| [[File:Belarus-1999-Bill-5000000-Obverse.jpg|300px]]
| [[File:Belarus-1999-Bill-5000000-Reverse.jpg|300px]]
| Rbls&nbsp;5,000,000
| Light violet
| [[Minsk Sports Palace]]
| Image of the "Raubichy" sports complex
| 6 September 1999
|-
|}

===Second ruble (BYR)===
In 2000, notes were introduced in denominations of 1, 5, 10, 20, 50, 100, 500, 1,000, and 5,000 rubles (BYR), with 1 BYR = 1,000 BYB (first ruble). In 2001, higher denominations of 10,000, 20,000, and 50,000 rubles were introduced, followed by 100,000 rubles in 2005 and 200,000 rubles in 2012. There were no coins or banknotes issued in copecks.

"On 1 September 2010, new rules of Belarusian orthography came into force. According to the old rules, the correct spelling of the word “fifty” in Belarusian was “пяцьдз'''е'''сят,” (pyats'dz'''e'''syat) but under the new rules, it should be spelled “пяцьдз'''я'''сят,” (pyats'dz'''ya'''syat) the difference being that the seventh character was the Cyrillic letter YE but is now the Cyrillic letter YA. As a result of these new rules, the existing 50 and 50,000 ruble notes dated 2000 now technically contain errors where the denominations are spelled out on the notes. On 29 December 2010, the National Bank of Belarus introduced new 50- and 50,000-ruble banknotes to bring the inscriptions on the notes into compliance with the new rules of Belarusian spelling and punctuation. The images, colors, and sizes of the notes remain consistent with the preceding issues of the same denominations dated 2000. The modified 50 ruble notes also no longer has a security thread, and the modified 50,000 ruble notes have replaced the solid security thread for a 2mm-wide windowed security thread."<ref>{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Belarus | publisher = BanknoteNews.com | year = 2011 | location = San Francisco, CA | url = http://www.banknotebook.com | access-date = 2011-08-21}}</ref>

{|class="wikitable" style="font-size: 90%; text-align:center"
!colspan="10"|2000 Series <ref name="Banknotes of the National Bank of t"/>
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Color !!colspan="2"| Description 
! colspan="3" |Date of
|-
! Obverse !! Reverse !! Obverse !! Reverse !! issue !! withdrawal
!lapse
|-
| [[File:Belarus-2000-Bill-1-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-1-Reverse.jpg|300px]]
| Rbl&nbsp;1
|rowspan="3"| 110 × 60&nbsp;mm
| Green
| The building of the [[National Academy of Sciences of Belarus]]
|rowspan="3"|Denomination in figures
|rowspan="9"| 1 January 2000
| 1 January 2003
|31 December 2003
|-
| [[File:Belarus-2000-Bill-5-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-5-Reverse.jpg|300px]]
| Rbls&nbsp;5
| Rose-red
| View of the [[Trayetskaye Pradmyestsye]] in Minsk
| 1 September 2004
|30 June 2005
|-
| [[File:Belarus-2000-Bill-10-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-10-Reverse.jpg|300px]]
| Rbls&nbsp;10
| Light blue
| The building of the National Library of Belarus
|rowspan="2"| 1 March 2013
| rowspan="2" |31 March 2014
|-
| [[File:Belarus-2000-Bill-20-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-20-Reverse.jpg|300px]]
| Rbls&nbsp;20
|rowspan="3"|150 × 69&nbsp;mm
| Olive-yellow
| The building of the National Bank of Belarus
| The interior of the building of the National Bank of Belarus
|-
| [[File:Belarus-2000-Bill-50-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-50-Reverse.jpg|300px]]
| Rbls&nbsp;50
| Orange-red
| The [[Chelm|Kholm]] Gate - fragment of the Memorial [[Brest Fortress|Brest]] [[Hero-Fortress]]
| The main entrance to the Memorial Brest [[Hero-Fortress]]
|1 July 2015
|1 July 2016
|-
| [[File:100-rubles-Belarus-2000-f.jpg|300px]]
| [[File:100-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;100
| Green
| The National Academic Great Opera and Ballet House of Belarus in Minsk
|  Scene from ballet "Favourite" by E.A. Hlebau
|rowspan="9"| 1 January 2017
| rowspan="9" |1 January 2022
|-
| [[File:Belarus-2000-Bill-500-Obverse.jpg|300px]]
| [[File:Belarus-2000-Bill-500-Reverse.jpg|300px]]
| Rbls&nbsp;500
|rowspan="8"|150 × 74&nbsp;mm
| Light brown
| The Republican Trade Unions' [[Palace of Culture]] in [[Minsk]]
| Architectural decorations on the Republican Palace of Culture of Belarus
|-
| [[File:1000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:1000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;1,000
| Light blue
| The National Museum of Arts of Belarus in Minsk
| Fragment of the picture "Portrait of the wife with flowers and fruits" by I. Khrutski
|-
| [[File:5000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:5000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;5,000
| Light violet
| [[Minsk Sports Palace]]
| Image of the "Raubichy" sporting complex
|-
| [[File:10000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:10000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;10,000
| Pink
| Panorama of [[Vitebsk]] city
| Summer amphitheatre in Vitebsk
| 16 April 2001
|-
| [[File:20000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:20000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;20,000
| Grey
| [[Gomel Palace]]
| A view of the palace from A. Idzkouski's picture in Homyel
| 21 January 2002
|-
| [[File:50000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:50000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;50,000
| Sky blue
| A castle in the settlement of Mir, Karelichy district, [[Grodno Region]]
| Decorative collage of architectural elements of [[Mir Castle]]
| 20 December 2002
|-
| [[File:100000-rubles-Belarus-2000-f.jpg|300px]]
| [[File:100000-rubles-Belarus-2000-b.jpg|300px]]
| Rbls&nbsp;100,000
| Orange
| The [[Nesvizh Castle]]
| View of the Radziwills' Castle in Niasvizh from a painting by the Belarusian artist [[Napoleon Orda]]
| 15 July 2005
|-
| [[File:New 200K belarusian rubles(obverse).jpg|300px]]
| [[File:New 200K belarusian rubles(reverse).jpg|300px]]
| Rbls&nbsp;200,000
| Light green
| The Mogilev Maslennikov Art Museum
| Decorative collage of architectural elements of the museum building
| 12 March 2012
|-
|}

===Third ruble (BYN)===
In 2016, banknotes were introduced in denominations of 5, 10, 20, 50, 100, 200, and 500 rubles (BYN), with 1 BYN = 10,000 BYR (second ruble). On 4 November 2015, the [[National Bank of the Republic of Belarus]] announced that the banknotes that had been in use at that time would be replaced by the new ones due to the upcoming [[redenomination]].<ref name="nbrb.by"/> The redenomination would be made in a ratio of 1:10,000 (10,000 rubles of the 2000 series = 1 ruble of the 2009 series). This currency reform also brought the introduction of coins, for the first time in [[Belarus|The Republic of Belarus]].<ref>{{cite web |url=http://www.ctv.by/novosti-minska-i-minskoy-oblasti/denominaciya-v-belarusi-chto-izmenitsya-s-prihodom-novyh-deneg |title=Новости: Деноминация в Беларуси: что изменится с приходом "новых" денег? |access-date=2015-12-29 |archive-date=2018-09-05 |archive-url=https://web.archive.org/web/20180905175648/http://www.ctv.by/novosti-minska-i-minskoy-oblasti/denominaciya-v-belarusi-chto-izmenitsya-s-prihodom-novyh-deneg |url-status=dead }}</ref>

The banknotes are printed by the United Kingdom-based banknote manufacturer, [[security printing]], paper-making and cash handling systems company [[De La Rue]]. As for coins, they have been minted by both the [[Lithuanian Mint]] and the [[Kremnica Mint]].<ref>{{cite web |url=http://people.onliner.by/2015/11/10/denominaciya-6 |title = Новые деньги| date=10 November 2015 }}</ref> Both banknotes and coins were ready in 2009, but the [[2008 financial crisis]] prevented them from being put into circulation immediately, resulting in a 7-year delay conditional on the necessity to lower inflation. Their designs are very similar to the [[euro]] banknotes.

{|class="wikitable" style="font-size: 90%; text-align:center"
|-
! colspan="11" |2009 Series <ref>{{cite web|title=Banknotes of the National Bank of the Republic of Belarus in Circulation|url=http://www.nbrb.by/engl/CoinsBanknotes/BankNotes/?mode=1|publisher=National Bank of the Republic of Belarus}}</ref>
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Color !!colspan="2"| Description !! colspan="4" |Date of
|-
! Obverse !! Reverse !! Obverse !! Reverse !! printing !! issue !!withdrawal
!lapse
|- 
| [[File:5 Belarus 2009 front.jpg|300px]]
| [[File:5 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;5
| 135 × 72&nbsp;mm
| Orange
| [[Tower of Kamyenyets|Belaya Vezha]] in Kamyanyets
| collage on the theme of the first Slavic settlements
|rowspan="7"| 2009<br />2019<br />2020<br />2022 (5, 10, 20, 50 and 100 ruble banknotes)
|rowspan="7"| 1 July 2016
|rowspan="7"|Current
| rowspan="7" |Current
|-
| [[File:10 Belarus 2009 front.jpg|300px]]
| [[File:10 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;10
| 139 × 72&nbsp;mm
| Light Blue
| [[Transfiguration Church, Polotsk|Transfiguration Church]] in Polatsk
| collage on the theme of enlightenment and printing
|-
| [[File:20 Belarus 2009 front.jpg|300px]]
| [[File:20 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;20
| 143 × 72&nbsp;mm
| Yellow
| [[Gomel Palace|Rumyantsev-Paskevich Residence]] in Homyel
| collage on the theme of spirituality
|-
| [[File:50 Belarus 2009 front.jpg|300px]]
| [[File:50 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;50
| 147 × 72&nbsp;mm
| Green
| [[Mir Castle Complex|Mir Castle]] in Mir
| collage on the theme of art
|-
| [[File:100 Belarus 2009 front.jpg|300px]]
| [[File:100 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;100
| 151 × 72&nbsp;mm
| Turquoise
| [[Nesvizh Castle|Niasvizh Castle]] in Nesvizh
| collage on the theme of theater and folk holidays
|-
| [[File:200 Belarus 2009 front.jpg|300px]]
| [[File:200 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;200
| 155 × 72&nbsp;mm
| Violet
| Regional Museum of Art in Mahilyow
| collage on the theme of crafts and town-planning
|-
| [[File:500 Belarus 2009 front.jpg|300px]]
| [[File:500 Belarus 2009 back.jpg|300px]]
| Rbls&nbsp;500
| 159 × 72&nbsp;mm
| Pink and Blue
| The building of the [[National Library of Belarus]] in Minsk
| collage on the theme of literature
|-
|}

==Exchange rates==
[[File:Euro Belarusian Ruble Exchange Rate.webp|thumb|[[Euro]] / Belarusian ruble]]
[[File:USD Belarusian Ruble Exchange Rate.webp|thumb|[[United States dollar|USD]] / Belarusian Ruble ]]
On 2 January 2009, the National Bank of the Republic of Belarus lowered the exchange rate of the ruble by 50%.

On 24 May 2011, the National Bank of the Republic of Belarus lowered the exchange rate of the ruble by 56%.<ref>{{cite news |url=http://bnn-news.com/2011/05/24/world/panic-ensues-belarus-residents-56-devaluation-national-currency |title=Panic ensues amongst Belarus residents after 56% devaluation of national currency |date=May 24, 2011 |publisher=[[Baltic News Network]] |access-date=August 15, 2011}}</ref> Alexei Moiseev, chief economist at Russia's [[VTB Capital]], said at the time that "a '91-style meltdown is almost inevitable", referring to the crisis which accompanied the [[dissolution of the Soviet Union]].<ref>{{Cite web |date=2016-08-02 |title=Belarus faces an economic precipice |url=https://theworld.org/stories/2016/08/02/belarus-faces-economic-precipice |access-date=2024-12-22 |website=The World from PRX |language=en}}</ref>

On 20 October 2011, the exchange rate of the ruble dropped 42% (from Rbl&nbsp;5,712 to Rbl&nbsp;8,680 per US$) when it was fully floated following demands to do so by Russia and the IMF.<ref>{{cite web |url=http://www.france24.com/en/20111020-belarus-ruble-sinks-34-full-free-float |title=Belarus ruble sinks 34% in full free float - FRANCE 24 |access-date=2012-07-17 |url-status=dead |archive-url=https://web.archive.org/web/20111021000214/http://www.france24.com/en/20111020-belarus-ruble-sinks-34-full-free-float |archive-date=2011-10-21 }}</ref>

In January 2015, the National Bank of the Republic of Belarus devalued its currency by 23% against the [[United States dollar|US dollar]] despite efforts to keep Russia's currency crisis from spreading across the border. As of 1&nbsp;February, one U.S. dollar was worth Rbls&nbsp;15,400; by Tuesday, it fell to Rbls&nbsp;15,450 to the dollar, as per data from the Belarusian Central Bank's website.<ref>{{cite news |title=Belarusian Ruble Drops 20% Against Dollar in January |url=http://www.themoscowtimes.com/business/article/belarusian-ruble-drops-20-against-dollar-in-january/515372.html |work=The Moscow Times |date=February 3, 2015 |access-date=August 9, 2015}}</ref>

As of mid-March 2022, the Belarusian ruble had reached an all-time low of Rbls&nbsp;3.33 per US$1, during fallout from the [[2022 Russian invasion of Ukraine]]. On 1 April 2022, it traded at Rbls&nbsp;3.26 per US$, and had lost 21.5% of its value year-to-date.<ref>{{Cite web|url=https://www.focus-economics.com/country-indicator/belarus/exchange-rate|title=Belarusian Ruble Exchange Rate (USD to BYR) - News & Forecasts|website=FocusEconomics &#124; Economic Forecasts from the World's Leading Economists|date=18 December 2023 }}</ref> From 15 July 2022 to 1 October 2023 the currency was fixed at the rate of 2.5 in order to pay debts; since then its value remains fixed at 3.27

{{Exchange rate|BYN|RUB}}

==See also==
* [[Economy of Belarus]]
* [[Ruble]]

==References==
===Notes===
{{Reflist|group=lower-alpha}}

===Sources===
{{Reflist}}

<ref>Belarus - a Strong Nation for the 21st Century, Jessop and Bridgot, 2017 Oxford Press, pp. 15, 17, 28, 29, 33, 42, 163, 285, 386.</ref>

==External links==
{{Commons category|Money of Belarus}}
* [http://www.nbrb.by/engl/statistics/Rates/RatesDaily.asp National bank of the Republic of Belarus - Official Exchange Rates (English)]
* [http://www.belaruscoins.de/en/ Information about Belarusian commemorative coins (English)]
* [http://banknoter.com/s/belarus Catalog of Belarus Banknotes] {{Webarchive|url=https://web.archive.org/web/20150722091523/http://banknoter.com/s/belarus |date=2015-07-22 }}
* [https://web.archive.org/web/20100515012447/http://www.tx.am/world-currency-exchange-rates/belarus-ruble-exchange-rates-byr/ LIVE Belarus Ruble eXchange Rates : BYR (English)]
* {{CISCoins|Belarus}}
* [http://www.banknote.ws/COLLECTION/countries/EUR/BLR/BLR.htm Complete Gallery of Belarus Banknotes (issued and unissued)]

{{Belarus topics}}
{{Currencies of Europe}}
{{Currency signs}}
{{Currencies of post-Soviet states}}
{{Ruble}}
{{Portal bar|Belarus|Europe|Money|Numismatics}}

{{DEFAULTSORT:Belarusian Ruble}}
[[Category:Currencies of Europe]]
[[Category:Economy of Belarus]]
[[Category:Fixed exchange rate]]
[[Category:Currencies introduced in 1992]]
[[Category:Circulating currencies]]