Belarus delete four zeros from the national currency

News Source: Ali Abd al-Salman

November 5, 2015 12:35

Belarusian authorities have decided to remove four zeros from its currency, "the Belarusian ruble," starting from July 1 of next year 2016.

Belarusian President Alexander Lukashenko signed a decree to delete four zeros from the currency of his country and thus be the new ruble is equal to 10 thousand from the current ruble.

They will be old and new two currencies are certified in the market as of July 1, 2016 to December 31 / December of the same year, while will start the process of the old currency switch in El Jadida without restrictions and without paying compensation in the National Bank from January 1, 2017 to December 31 / December 2019.

It should be noted that the conduct of the US dollar exchange rate to the Belarusian ruble is today (US $ 1 = 24,300 Belarusian ruble).