Belarusian Currency: What You Need To Know

The currency of Belarus is the Belarusian ruble, which is pegged to the US dollar and euro. The currency code for the Belarusian ruble is BYN or BYR, and the currency symbol is Br. In 2016, the New Belarusian ruble replaced the old Belarusian ruble at a ratio of 1:10,000. The Belarusian ruble is not a fully convertible currency, so it is not possible to obtain it before arriving in the country.

The Belarusian ruble is the official currency of Belarus

The Belarusian ruble is not a fully convertible currency, so it is not possible to obtain it before arriving in the country. Banknotes are available in denominations of 5, 10, 20, 50, 100, 200, and 500 rubles, while coins are available in denominations of 1, 2, 5, 10, 20, and 50 kopecks, as well as 1 and 2 rubles. One ruble is equivalent to 100 kopecks. Commemorative coins made of gold, silver, and copper-nickel alloy, which depict various themes, historical events, and famous people, have been produced by the National Bank of Belarus since 1996 and are of interest to coin collectors.

The Belarusian ruble has experienced significant fluctuations in its exchange rate over the years, with two major devaluations occurring in 2011. In May 2011, the value of the US dollar increased by 56%, and in October of the same year, it increased by an additional 52%. Following another fluctuation in 2014, the National Bank of Belarus imposed a 30% tax on currency purchases. As a result of these factors, many Belarusians have become adept at converting prices between the BYN and USD in their heads.

When visiting Belarus, it is important to note that some vendors may not accept foreign cards. It is recommended to carry cash in US dollars or Euros, ensuring that the bills are new and undamaged as even the slightest tear or mark may result in rejection during exchange.

Banknotes are available in denominations of 5, 10, 20, 50, 100, 200 and 500

The currency of Belarus is the Belarusian ruble, denoted by the currency code BYN or BYR. The currency symbol is Br. The Belarusian ruble replaced the Soviet ruble in 1992 and underwent a redenomination in 2016, which introduced the BYN as the new currency code.

Before the 2016 redenomination, there were no coins in circulation in the history of sovereign Belarus. Now, coins are available in denominations of 1, 2, 5, 10, 20 and 50 kopecks, and 1 and 2 rubles. One ruble equals 100 kopecks.

Coins are available in denominations of 1, 2, 5, 10, 20 and 50 kopecks, and 1 and 2 rubles

The currency of Belarus is the Belarusian ruble, which is not a fully convertible currency. This means that you won't be able to obtain any before you arrive in the country.

The currency includes coins, which come in denominations of 1, 2, 5, 10, 20, and 50 kopecks, as well as 1 and 2 rubles. One ruble is equivalent to 100 kopecks. The coins are made of gold, silver, and copper-nickel alloy, and they feature various themes, historical events, and famous people. They are of interest to coin collectors and are legal tender.

In addition to coins, the Belarusian ruble also includes banknotes. These are available in denominations of 5, 10, 20, 50, 100, 200, and 500 rubles. Each banknote features a notable Belarusian landmark from a different part of the country, and each has a unique thread mark for easy identification.

The Belarusian ruble has undergone several changes since its introduction. In 1992, it replaced the Soviet ruble as the country's official currency, losing a total of eight zeros in the process. Another significant change occurred in July 2016, when the New Belarusian ruble (BYN) was introduced, replacing the old ruble at a ratio of 1:10,000. This redenomination removed four zeros, turning 10,000 old rubles into 1 new Belarusian ruble.

The currency code for the Belarusian ruble is BYR or BYN, and its symbol is Br

The currency of Belarus is the Belarusian ruble. The currency code for the Belarusian ruble is BYR or BYN, and its symbol is Br.

The Belarusian ruble replaced the Soviet ruble as the country's official currency in 1992. In July 2016, the New Belarusian ruble (BYN) was introduced, replacing the old Belarusian ruble (BYR) at a ratio of 1:10,000. This latest denomination cut off four zeros, turning 10,000 Belarusian rubles into 1 Belarusian ruble. The currency is pegged to the US dollar and euro at a rate of about 1 USD to 2.1 BYN and 1 EUR to 2.4 BYN.

The Belarusian ruble is not a fully convertible currency, so it is not possible to obtain it before arriving in the country. It is also difficult to exchange foreign currency for Belarusian rubles, and it may be hard to change them into other currencies outside of Belarus. Visitors to Belarus are advised to carry cash in US dollars or euros, ensuring that the bills are new and undamaged as even the slightest tear or mark may result in rejection.

ATMs are widely available in major cities in Belarus, and cards such as Visa, MasterCard, and Maestro are accepted almost everywhere. However, there are currently difficulties in withdrawing cash using foreign credit and debit cards, as most banks in Belarus do not accept them.

US dollars, euros and Russian rubles are the most suitable currencies to exchange in Belarus

The local currency of Belarus is the Belarusian ruble (BYN or BYR). The Belarusian ruble is not a fully convertible currency, so you won't be able to get any before you arrive in the country. This means that US dollars, euros and Russian rubles are the most suitable currencies to exchange if you are visiting Belarus.

US dollars or euros are recommended currencies to carry when visiting Belarus. This is because it can be difficult to exchange foreign currency for Belarusian rubles. You may be asked to present your passport at a foreign currency exchange, and you should only exchange money at government-licensed booths. Exchanging money elsewhere can result in fines and/or arrest, and the currency will be confiscated. It is also not possible to exchange Belarusian rubles into other currencies outside of Belarus.

There are plenty of ATMs in major Belarusian cities, especially Minsk, but there are currently difficulties withdrawing cash using foreign credit and debit cards. Almost all major banks in Belarus do not accept foreign-issued cards, and those that do may charge a higher rate of commission. There is also limited cash available, with many ATMs having limits on the amount of cash you can withdraw, particularly for foreign cards. Many vendors in Belarus will not accept foreign cards. Most reputable international money transfer providers have suspended operations in Belarus.

If you are able to withdraw money from an ATM, you can withdraw Belarusian rubles, US dollars, or euros. Bank cards are widely used in Belarus and can be used in shops, hotels, restaurants, and self-service kiosks. The most widespread international payment systems in Belarus are Visa and Mastercard. Online payment systems are also available.

In summary, US dollars, euros, and Russian rubles are the most suitable currencies to exchange if you are visiting Belarus. This is because of the difficulties in exchanging foreign currency for Belarusian rubles and the limited acceptance of foreign credit and debit cards.

Frequently asked questions