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Three Dates of the Belarusian Ruble

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Three Dates of the Belarusian Ruble

Dollar has broken point of Br21 560. It has already happened three times within 20 years of Lukashenka's power.

And these are the ways the problem was resolved.

1994

When Lukashenka was elected the first president of Belarus, dollar cost even more - Br27.960. He promised to stop an insane currency rate increase and strengthen a Belarusian ruble. A month later, after the second tour of elections, currency cost Br33 950, Salidarnasts writes.

How was the problem resolved?

The answer was primitively simple. They took denomination. However, money was not changed. A new ruble equaled to ten old ones, as a result dollar cost a little more than Br3.

1997

A few years later the dollar was actively hitting the ceiling. On January 1, 1997 its exchange rate equaled to Br15 500, on January 24 - Br21 000. It gets worse and worse as it goes on.

1998 — 107 000.00

1999 — 320 000.00

How was the problem resolved?

They took denomination. Since January 1, 2000 banknotes lost three zeroes, as a result the dollar "fell" in price to Br320. But on December 31 the American currency hit new records and rose by 3.5 times.

2016

On January 21 the dollar hit a fresh all-time high and to by Br1 103 and equaled to Br21 564. Experts say it is not the end and the Belarusians must be prepared for the worst.

By the way, the denomination is planned for July 1, 2016. This time the Belarusian ruble loses four zeroes. This is the way the government intends to resolve a problem with an expensive dollar. Alas, we have not come up with other ways to fight it yet.

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