Belarusian Ruble (BYN)

Basic concepts of the Belarusian ruble

The Belarusian ruble is the official currency of the Republic of Belarus, issued and managed by the National Bank of Belarus. Its ISO 4217 code is BYN and symbol is Br. It is mainly used for domestic transactions and reserves.

Area of use of the country

The Belarusian Rouble circulates only within the territory of the Republic of Belarus and is the country's sole legal tender. Belarus is located in Eastern Europe and shares borders with Russia, Ukraine, Poland, Lithuania and Latvia.

Units and Denominations

The basic unit of the Belarusian Rouble is the Rouble, and the secondary currency is the Kopeck, with 1 Rouble equaling 100 Kopeck. The denominations of banknotes currently in circulation include 5, 10, 20, 50, 100, 200 and 500 rubles, while coin denominations are 1, 2, 5, 10, 20 and 50 kopecks, as well as 1 and 2 rubles.

Historical background

The Belarusian Rouble was first introduced in 1992 to replace the Soviet Rouble as the national currency of Belarus after independence.In 2000 and 2016, Belarus underwent two currency reforms, redenominating and introducing new designs to address inflation and economic stability, with the current BYN coming into effect on 1 July 2016.The Belarusian Rouble was first introduced in 1992 to replace the Soviet Rouble as the national currency of Belarus after independence.