New belarusian ruble
You're referring to the new Belarusian ruble!
Yes, on June 1, 2021, Belarus introduced a new currency, the Belarusian ruble (BYN), which replaced the old Belarusian ruble (BYR) at a rate of 1:10,000. This means that 10,000 old rubles are equivalent to 1 new ruble.
The decision to introduce a new currency was made to combat high inflation, which had been a major issue in Belarus for several years. The old ruble had lost significant value due to inflation, making it difficult for people to afford everyday goods and services.
The new ruble is designed to stabilize the economy and make it easier for people to conduct transactions. The Belarusian government has also implemented measures to control inflation and maintain the value of the new currency.
Here are some key facts about the new Belarusian ruble:
- Symbol: The symbol for the new ruble is "₽" (similar to the Russian ruble).
- ISO code: The ISO code for the Belarusian ruble is BYN.
- Subunits: The new ruble is divided into 100 kopeks (копейки).
- Coins: Coins are available in denominations of 1, 2, 5, 10, 20, and 50 kopeks, as well as 1, 2, and 5 rubles.
- Banknotes: Banknotes are available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 rubles.
Overall, the introduction of the new Belarusian ruble is an important step towards stabilizing the economy and improving the lives of Belarusian citizens.