Belarus completes the circulation money of the old sample

Belarus completes the circulation money of the old sample© RIA Novosti. Victor to Trackability the image Bank

The parallel circulation of money old and new model ends in Belarus. Saturday is the last day when Belarusians will be able to pay for goods and services bills of 2000.

In early November last year, the President of Belarus Alexander Lukashenko made the decision on carrying out in the country denominations from 1 July 2016 and replacement to December 31, inclusive of circulating banknotes of the old sample.

Minus four rubles

Given the scale of consolidation of the Belarusian ruble (1 to 10 thousand), the lowest denomination banknotes in force before this — 100 rubles – is replaced by the lowest value of the new money series – 1 penny. Just appeal it was decided to release seven denominations of banknotes– 5, 10, 20, 50, 100, 200 and 500 rubles, and eight denominations of coins– 1, 2, 5, 10, 20 and 50 cents and 1 and 2 of the ruble.

The new Belarusian banknotes were produced in great Britain, Slovakia and Lithuania. The overall concept of the design of the new banknotes corresponds to the motto «My country – Belarus». Each note focuses on one of the regions of Belarus and Minsk. In the design of the new banknotes is retained relative to the banknote series of 2000 regarding the use of images of monuments of architecture and urban planning. The obverse of the coins depicts the state coat of arms of Belarus, on the reverse the digital designation of coin.

It is noteworthy that the new Belarusian banknotes of the sample of 2009 temporarily there is a spelling mistake and the signature of one of the former heads of the National Bank of the country. This is due to the fact that the preparations for the denomination took a sufficiently long period: the new banknotes was made by order of the national Bank in 2008, however, due to the global economic crisis and, as a consequence, the deterioration of the economic situation in the country, the denomination was postponed and made moneys transferred to the Central storage controller.

In the end money is the facsimile signature who was at that time Chairman of the Board of the National Bank Pyotr Prokopovich. And because of the changing in the summer of 2008 rules of the Belarusian orthography on new banknote 50 rubles letters of the misspelled value. The regulator promised in the follow-up orders for the manufacture of new banknotes identified discrepancies are eliminated.

In the New year with new money

From 1 July to 31 December 2016 inclusive banknote of 2000, as well as banknotes and coins of the sample of 2009 were in parallel circulation and was obligatory for acceptance in the implementation of all types of payments by all business entities without restrictions.

Over the next five years – from 1 January 2017 to 31 December 2021, inclusive – will be the exchange of banknotes of the old sample for the new in any amount, without restrictions and without charging Commission.

At the same time to exchange the old currency for the new will be from 1 January 2017 to 31 December 2019 inclusive at the National Bank, banks and non-Bank credit and financial organizations of Belarus. From 1 January 2020 and 31 December 2021 inclusive – only in the National Bank of the country.

And since January 1, 2022, moneys of 2000 will be void.

No longer a country of millionaires

In the period of dual circulation of two samples of currency the national Bank of Belarus was gradually withdrawn from circulation the old notes by sending them to destruction.

According to the regulator in early December, the appeal was withdrawn about 95% of the amount and 54% of the number of banknotes of 2000. While large notes (for example, 100 thousand and 200 thousand Belarusian rubles) were removed almost completely (99.4 per cent), and small denominations (100, 500 and 1000 Belarusian rubles), which many residents and guests of Belarus wanted to keep the memory, removed about 30%.

The transition of Belarus to the new money was fairly painless, despite the glitches with getting cash from ATMs of the country on the eve and in the early days of putting new money into circulation.

Now the calculation of new notes and coins, including simultaneously with the old money, do not collect the queue in the shop as it was in July. Belarusians have learned to mind easily «subtract» and «add» zeros. Even counterfeiters quickly «got used» to the new Bank notes: in mid-July was the first recorded case of forgery denominated national currency.

Although not all Belarusians relished the new banknotes and coins, the only thing really have to feel sorry for the residents, is that in the wallets instead of a couple of million is a couple of hundred rubles, «like flowers.»