Banknotes and Coins of the National Bank of the Republic of Belarus

In July 1990, the Supreme Soviet of the Belarusian SSR passed a Declaration on State Sovereignty. After proclamation of independence, banknotes of the State Bank of the USSR were in circulation in the Republic of Belarus for some time, followed by those issued by the Bank of Russia. In accordance with the resolution of the Government of the Republic of Belarus, in May 1992 token money issued by the National Bank of the Republic of Belarus in 50 kopecks, 1, 3, 5, 10, 25, 50 and 100 Rubles denominations were introduced into circulation.

Since the second half of 1993, Belarus has started to use notes of the National Bank in its cash circulation (according to Resolution of the Supreme Council Presidium, Council of Ministers of the Republic of Belarus No. 2491-XII/505 “On withdrawal from circulation of treasury notes of the USSR, notes of the State Bank of the USSR and banknotes of the Bank of Russia of 1961–1992 series and their exchange for banknotes of the National Bank of the Republic of Belarus” dated July 25, 1993).

In May 1994, the National Bank of the Republic of Belarus resolved to consider the Belarusian ruble a sole legal tender of the Republic of Belarus until the actual union of the monetary systems of the Republic of Belarus and Russian Federation, and consider a note of the National Bank with denomination equal to 10 Belarusian non-cash rubles a sole legal tender in cash circulation. Since that time, all the settlements in the territory of Belarus have been implemented in the Belarusian rubles (Resolution of the Board of the National Bank of the Republic of Belarus No.5 “On the Payment Means of the Republic of Belarus” dated May 18, 1994).

As far as payment systems of the Republic of Belarus and Russian Federation have not been united, the Supreme Council of the Republic of Belarus adopted Resolution No. 3326-XII “On the Payment Means of the Republic of Belarus” dated October 19, 1994, declaring the Belarusian ruble a sole legal tender of the Republic of Belarus, and a note of the National Bank of the Republic of Belarus — in cash circulation.

This decision in fact finished the process of acquiring the status of a national monetary unit by the Belarusian ruble, and the status of the single issuing centre of state by the National Bank.

A total of seven denominations of banknotes – 5, 10, 20, 50, 100, 200, and 500 rubles of the 2009 series – and eight denominations of coins – 1, 2, 5, 10, 20, and 50 kopecks, as well as 1 and 2 rubles of the 2009 series – were put into circulation on July 1, 2016.

National currency, together with the emblem, flag and anthem, is an integral attribute of a sovereign state. Metallic currency (coins) is an important component of a full–boded money circulation system.

The world "coin" originates from the name of goddess Juno (Juno Moneta) at whose temple in Ancient Rome a mint was situated in the 3rd century B.C. During more than two thousand years (since its appearance in the 7th century B.C. and up to the 18th–19th centuries) coins were practically the only instrument of money circulation. Following wide expansion of paper money they gradually turned from the main into secondary payment means. Nevertheless, even nowadays when bank settlements are carried out, e–money and credit cards are in existence, coins continue to play their role in money circulation.

First coins of the Republic of Belarus were issued on December 27, 1996. Their production is the result of the making of a sovereign state and its issuing institution. In this section you will find information on commemorative coins issued by the National Bank of the Republic of Belarus since 1996. It includes: detailed description, photos of coins' both sides, brief summary of events, personalities and monuments featured on the coins. It also contains coins' size, mintage figures and general specifications of the alloys the coins are made of.

Most of the coin draft designs were developed by Belarusian designers. Traditional Belarusian geometric ornament was used as decoration.

We trust that the information contained here will be of interest and use both for true collectors and a wide range of visitors who are enthusiastic about the history of coins.