rubel

Belarusian currency

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July 16, 2026

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The Belarusian Ruble (BYN) is the national currency of Belarus. The ruble, spelled "rubel" in Belarus, has origins tracing back to the 13th century in Russia.12

The Belarusian rubel was introduced in 1992, replacing the Russian ruble. Although it was temporarily reintroduced as the Belarusian currency following an agreement to establish a "ruble zone" with Russia, the Belarusian rubel once again became the sole currency in 1994. Belarus restructured its banking system and established a securities market and stock exchange in 1992, the same year its own currency was introduced.23

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Belarus
Belarus in the 21st century
…a devaluation of the Belarusian rubel, which shed more than 60 percent of its value against the U.S. dollar during 2011. The plummeting rubel triggered a wave of inflation, which peaked at almost 110 percent in January 2012. The Belarusian central bank responded by raising interest rates to 45 percent,…
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…a devaluation of the Belarusian rubel, which shed more than 60 percent of its value against the U.S. dollar during 2011. The plummeting rubel triggered a wave of inflation, which peaked at almost 110 percent in January 2012. The Belarusian central bank responded by raising interest rates to 45 percent,…
Read More