Belarus to re-denominate its currency from July 2016
Value of currently circulating rubles will be drastically cut
The National Bank of the Republic of Belarus will press ahead with plans to redenominate its currency, the Belarusian ruble, next year, cutting currency in circulation now to one ten-thousandth of its value, it announced on November 5.
The US dollar was today (November 6) valued against the Belarusian ruble at a rate of 1:17,502.50. The Belarusian ruble lost approximately 40% of its value against the dollar in the first two weeks of this year and has continued to slide since. In May 2015, an
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