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The real exchange rate in Belarus is 90 million ruble to 1 USD!

Thursday, 26 September 2013 08:57
real rates

The history of Belarusian currency begins in 1992. In that period you could see different animals on the bank notes: rabbits, beavers, wolves, bisons, bears.  In the 90-s Belarusian economy faced the crisis, the inflation level was high. For that reason the government had to make the denomination two times in 1994 (10x) and 2000 (1000x). This totally made sense otherwise we would have to deal with 4 more zeros on the banknotes today. The biggest bank note would be 2 billion instead of 2 hundred thousand!

Today the USD/BYR rate is over 9 thousand BY Ruble for 1 Dollar. If we do not take into account the denominations 1994 and 2000 the rate would be over 90 million ruble for 1 dollar!


Last Updated on Thursday, 26 September 2013 16:14


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