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Encyclopedia > Belarusian ruble

Belarusian ruble (ISO-code BYR, before 2000 - BYB) is the official currency of Belarus. The short sign used for the Belarusian ruble is Br. 1 rouble is formally divided in 100 kapiejkas. There are banknotes issued in the denominations of 5, 10, 20, 50, 100, 500, 1000, 10000, 20000, 50000, and 100000 Br. There are no coins or banknotes issued in kapiejkas. As of May 14, 2006, the monetary conversion rate is approximately $1:Br.2151.50 Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... This article is about the year 2000. ...

Contents


Name

The name of the Belarusian currency comes from the Russian ruble and was left after the collapse of the Soviet monetary system and Belarus' refusal to introduce a national currency - the taler. The ruble or rouble (Russian: рубль, plural рубли; see note on spelling below) is the name of the currencies of the Russian Federation and Belarus (and formerly, of the Soviet Union and the Russian Empire). ... Soviet redirects here. ...


History

payment coupon of the National Bank of Belarus, 1992, 50 kopeks, obverse
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payment coupon of the National Bank of Belarus, 1992, 50 kopeks, obverse
payment coupon of the National Bank of Belarus, 1992, 50 kopeks, reverse
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payment coupon of the National Bank of Belarus, 1992, 50 kopeks, reverse

At the beginning of 1992, during the breakdown of the common Soviet monetary system, a temporary coupon system was introduced in Belarus. Image File history File links Download high resolution version (1000x510, 498 KB) en: 1992 Belarus 0. ... Image File history File links Download high resolution version (1000x510, 498 KB) en: 1992 Belarus 0. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... Image File history File links Download high resolution version (1000x507, 519 KB) en: 1992 Belarus 0. ... Image File history File links Download high resolution version (1000x507, 519 KB) en: 1992 Belarus 0. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ...


Beginning with June 1, 1992 operations with Belarusian non-cash money started being carried out by Belarusian banks. In the end of June 1993 the withdrawal of Russian and Soviet roubles from the turnover began. The Belarusian rouble became the only valid payment instrument to be used inside of Belarus. Although in September there was a new agreement signed by Kazakhstan, Armenia, Russia, Belarus, Uzbekistan and Tajikistan with the purpose to establish a united post-Soviet monetary zone, at the same time, a project of introducing a new national currency, the taler was started in Belarus. June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... Examples of German and Austrian thalers compared to a US quarter piece The Thaler was a silver coin used throughout Europe for almost four hundred years. ...


Monetary policy of Belarus in the 1990s

From the very beginning, the government of Belarus started promoting an integration with Russia. The idea of unifying two monetary systems, to be exact - of Belarus' becoming part of the Russian monetary system, was actively discussed. The 1990s decade refers to the years from 1990 to 1999, inclusive. ...


In 1996 the National Bank was put under governmental control. The National Bank has lost the ability to carry out a policy independent from the government. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...


Two National Bank presidents, (Stanislau Bahdankievic and Tamara Vinnikava) resigned as a protest against the National Bank's subordination to the government. As a result Piatro Prakapovic was appointed president of the National Bank.

5000 Br banknote, 1998, obverse
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5000 Br banknote, 1998, obverse
5000 Br banknote, 1998, reverse
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5000 Br banknote, 1998, reverse

By the beginning of 1997 the devaluation of the rouble to US dollar was 35.5%. Image File history File links Download high resolution version (1000x546, 484 KB) en: 1998 Belarus 5000 rubles bill. ... Image File history File links Download high resolution version (1000x546, 484 KB) en: 1998 Belarus 5000 rubles bill. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Image File history File links Download high resolution version (1000x551, 446 KB) en: 1998 Belarus 5000 rubles bill. ... Image File history File links Download high resolution version (1000x551, 446 KB) en: 1998 Belarus 5000 rubles bill. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...


The aim of state monetary policy was to narrow free price formation on the national monetary market. Massive restrictions in trade with currencies for companies and individuals were introduced. An black currency market arised.


As a result, at the beginning of 1999 the official exchange rate was 2-2.5 times lower than the shadow rate. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...


Between 1996 and 2000 the volume of unpaid state liability to commercial banks rose by more than 140 times. The National Banks gave loans to credit institution to support their liquidity. The pressure of the state that demanded from the banks to credit the unprofitable agriculture caused critical state of the banking system. As a result, in January 2000 10 of 27 Belarusian commercial banks were in the process of liquidation. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... This article is about the year 2000. ... This article is about the year 2000. ...


The money supply growth exceeded the GNP by more than 500 times. The official exchange rate went in 1995-2000 down by 30.2 times. In September 1999 the first 5,000,000 Br banknote was issued. The consumer Price index rose by 74.2 times, the income of the people went down.


The Belarusian rouble is practically not being used in foreign-economic account.

1 Br banknote, 2000 г., obverse
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1 Br banknote, 2000 г., obverse
1 Br banknote, 2000 г., reverse
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1 Br banknote, 2000 г., reverse

Image File history File links Download high resolution version (1000x545, 494 KB) en: 2000 Belarus 1 ruble bill. ... Image File history File links Download high resolution version (1000x545, 494 KB) en: 2000 Belarus 1 ruble bill. ... Image File history File links Download high resolution version (1000x547, 498 KB) en: 2000 Belarus 1 ruble bill. ... Image File history File links Download high resolution version (1000x547, 498 KB) en: 2000 Belarus 1 ruble bill. ...

Monetary integration with Russia

From the beginning of his presidency, Alexander Lukashenko began to suggest the idea of an integration with Russia and to undertake steps in this direction. From the beginning, there was also an idea of introducing a united currency for the Union of Russia and Belarus. Art. 13 of the 1999 "Treaty of Creation of the Union State of Russia and Belarus" foresaw a unified currency. Alexander Grigoryevich Lukashenko (Lukashenka) (Belarusian: Алякса́ндар Рыго́равіч Лукашэ́нка, Russian: ) (born August 30, 1954) has been the President of Belarus since 1994. ... The Union of Russia and Belarus (Russian: Союз России и Беларуси, also called the Belarusian-Russian Union State) is a supranational entity comprising Russia and Belarus that was initiated by the latters president, Alexander Lukashenko. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...


The change to a common currency meant the creation of a united central bank or agency. The placement and control of such facilities proved to be contentious - the main debate was whether they should be in Moscow (the Russian capital), Minsk (the Belarusian capital) or both at the same time. Moscow (Russian: Москва́, Moskva, IPA: ) is the capital of Russia and the countrys principal political, economic, financial, educational and transportation center, located on the river Moskva. ... Minsk or Miensk (Belarusian: ; Russian: ; Polish: ) is the capital and largest city in Belarus with a population of 1,780,000 (2006 estimate}. Minsk is also a headquarters of the Commonwealth of Independent States. ...


After the election of Vladimir Putin, Russia took a more pragmatic and determined position in the question of integration with Belarus. (Russian: Влади́мир Влади́мирович Пу́тин, Vladímir Vladímirovich Pútin; born October 7, 1952) is a Russian politician, and the current President of the Russian Federation. ...


In 2000 the National Bank of Belarus took urgent measures. The Belarusian rouble was devalued by 1000 times , but when the shadow exchange rate released as official, currency exchange liberalised. Stability of the exchange rate became a priority for the National Bank, by Russian demand. This article is about the year 2000. ...


In December 2002 in a meeting of prime ministers of Belarus and Russia, it was declared that at the beginning, the Russian ruble would be introduced as a common currency. It was planned that since July 1, 2003 the Russian rouble would be introduced in Belarus for banking operations and completely replace the Belarusian rouble on January 1, 2004. In 2007 or 2008 a new supranational currency would be introduced. For album titles with the same name, see 2002 (album). ... The ruble or rouble (Russian: рубль, plural рубли; see note on spelling below) is the name of the currencies of the Russian Federation and Belarus (and formerly, of the Soviet Union and the Russian Empire). ... July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... 2007 (MMVII) will be a common year starting on Monday of the Gregorian calendar. ... 2008 (MMVIII) will be a leap year starting on Tuesday of the Gregorian calendar. ...


Although technical and economical conditions were declared to be created, Belarus never introduced the Russian rouble, with progressive postponements of steps towards transition.


External links

  • National Bank of the Republic of Belarus
Wikimedia Commons has media related to:
Category:Belarusian bills
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Belarusian coins


Image File history File links Commons-logo. ... The Wikimedia Commons (also called Commons or Wikicommons) is a repository of free content images, sound and other multimedia files. ... Image File history File links Commons-logo. ... The Wikimedia Commons (also called Commons or Wikicommons) is a repository of free content images, sound and other multimedia files. ...

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  Results from FactBites:
 
Ruble - Wikipedia, the free encyclopedia (171 words)
It is currently the currency unit of Belarus, Russia, and Transnistria, and was the currency unit of several other countries, notably countries influenced by Russia/the Soviet Union.
The word "ruble" is derived from the Russian verb рубить, rubit, i.e., to chop.
Historically, "ruble" was a piece of a certain weight chopped off a silver ingot (grivna), hence the name.
Belarusian ruble - Wikipedia, the free encyclopedia (885 words)
Belarusian ruble (ISO-code BYR, before 2000 - BYB) is the official currency of Belarus.
The name of the Belarusian currency comes from the Russian ruble and was left after the collapse of the Soviet monetary system and Belarus' refusal to introduce a national currency - the taler.
In December 2002 in a meeting of prime ministers of Belarus and Russia, it was declared that at the beginning, the Russian ruble would be introduced as a common currency.
  More results at FactBites »

 
 

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