Belarus hints at new banknotes 'resembling euros'

Forex.co reports that the president of Belarus, Aleksander Lukashenko, announced at a meeting that a new series of banknotes will be printed.

New bills resembling euros will be launched into circulation after the redenomination is over. "I know you demand a new beautiful currency because millions of Belarusian rubles are heavy to carry in wallets. The time will be ripe for it. We need to push forward with the economy. We need to achieve certain stability," Lukashenko addressed employees of the aircraft repair plant in Baranovichi. At the meeting with the staff of one of the largest factory, it emerged that newly designed banknotes had been printed and delivered to special storage facilities.

Belarus is in the process of redenomination for a third time. The Belarusian currency was redenominated on 20 August 1994, with one new unit equaling 10 old ones, and the second time it lost three zeros on 1 January 2000. 

We heard these rumours before but don't expect new Belarusian banknotes before 2015.

Steven Monday 14 April 2014 at 8:12 pm | | news
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