aA
Starting on Friday, Belarus will begin circulating new currency in an effort to rid the old Belarusian rubles of a few decimal places.

To read this article, try a €5.99 monthly subscription by clicking here.
Belarus introduces new currency to lose four decimal places
© AFP/Scanpix

Both the old paper currency from 2000 and the new coins from 2009 will currently be in circulation.

The move will essentially cut four zeroes off of the end of the “old” rubles. The largest new paper currency – 500 rubles – will be equal to 5,000,000 current rubles. The smallest denomination of currency will be one cent, which will be equal to 100 rubles. Seven new paper currencies – 5, 10, 20, 50, 100, 200 and 500 are being released today with 8 new coins – 1, 2, 5, 10, 20 and 50 cents as well as 1 and 2 rubles.

Until 31 December of 2016, people will still be able to use the old money in stores as well. Over the next three years after that, the old currency will be exchanged for new at bank branches, and from 2020-2021 by the national bank.

|Populiariausi straipsniai ir video

649 confirmed coronavirus cases in Lithuania

On 2nd April there were 649 confirmed COVID-19 cases in Lithuania.

US organization expands its cooperation with Lithuanians in fight against Chinese disinformation

The Alliance for Securing Democracy , an independent organization operating in the United States ,...

Lithuania bans all passenger air and ferry travel from Saturday

The Lithuanian government on Wednesday imposed a ban, effective from Saturday, on all passenger air...

Veryga: coronavirus situation in Belarus raises concern

The coronavirus situation in Belarus is raising concern, Lithuanian Health Minister Aurelijus Veryga...

Harsher penalties for flouting coronavirus quarantine rules (1)

The Lithuanian parliament on Tuesday imposed harsher penalties for those flouting coronavirus...

Top news

649 confirmed coronavirus cases in Lithuania

On 2nd April there were 649 confirmed COVID-19 cases in Lithuania.

Lithuania bans all passenger air and ferry travel from Saturday

The Lithuanian government on Wednesday imposed a ban, effective from Saturday, on all passenger air...

US organization expands its cooperation with Lithuanians in fight against Chinese disinformation

The Alliance for Securing Democracy , an independent organization operating in the United States ,...

Veryga: coronavirus situation in Belarus raises concern

The coronavirus situation in Belarus is raising concern, Lithuanian Health Minister Aurelijus Veryga...

Harsher penalties for flouting coronavirus quarantine rules (1)

The Lithuanian parliament on Tuesday imposed harsher penalties for those flouting coronavirus...

|Maža didelių žinių kaina