For the first time in the history of Belarus will issue coins in circulation

In 2016, for the first time in the whole history of Belarusian ruble, coins will be introduced due to the redenomination planned. Previously, Belarus was one of the few countries in the world never to have issued coins; this is largely due to the rampant inflation which has been a problem since independence.

Slovakia has offered to mint the coins, and has provided prototypes. The coins of up to 5 kapeykas are to be struck in steel and copper; the 10, 20, 50 coins in steel, copper and brass; and the 1 and 2 rubles coins in steel, brass and nickel. All coins will show the National emblem of Belarus, the inscription Belarus and the year of minting on their obverses. The reverse will show the value of the coin accompanied by different ornaments with their own meanings.

The first of July 2016 - come the first Belarusian coins into circulation.

If you are interested in this topic, write me. I would be happy to talk and help.

 

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Interesting.
No silver, gold? To early yet for a reserve?
I do have some modern world coins but all are either silver or gold. Seems their currency would only have a collectors appeal since there is no real value in the metals used.

 

No, it will be the usual coin (copper and nickel), they'll be in real circulation. However, due to inflation smaller denominations (1, 2, 5 cents) can quickly depreciate.

 

Not the first time the thread has been posted about Belarussian coins. In fact the news was released last year

https://www.cointalk.com/threads/belarus-to-introduce-coins.270486/

 

Not my realm, missed it the first time around.

 

I wonder what steps have been taken to stabilise the currency.

"The president, referred to as the “last dictator in Europe” by the Bush administration in the US, rejected calls for economic reforms demanded by the IMF in return for much-needed financial aid."

I'd not be in too much of a hurry to get the new coins, as by next year they should have lost their modest monetary value.

 

I'm surprised they didn't just take the e-money route. Someone in Belarus must like coins.

 

it is believed that the presence of coins - is a sign of a stable currency. Banknotes are printed in 2009, the same year, and minted coins. Apparently, there are great expectations of the authorities, that such high inflation will not continue and more denomination will not have to spend. Probably, the logic was as follows.
By the way, this is the third denomination in the country. Recall, the first time it was held in 1994. Then, with the bills removed one zero, which was, and so virtual. Already in early 2000 the government decided to the second denomination. Then with Belarusian money we lost another three zeros. If we consider that in the current times with four denominations will disappear zero, it turns out that with the 1990 Belarusian ruble depreciated 100 million times.

 

It's precisely the other way round. So far, Belarus has issued collector coins only, also in silver and gold. Each piece, including the Cu-Ni collector coins, has an intrinsic value based on the current market value, in real money, of the metals used. Other important factors are the price those (surcharged) coins were originally sold at, and what collectors are willing to pay for them these days.

Now they will start using circulation coins. The metals used for such coins are certainly not "silver or gold".

Christian

 

I'm curious by nature I guess. @katsiaryna or chrisild you both seem informed. Other than google what can you suggest for information?

 

The designs of the circulation coins you can see in the initial post, and in the older topic that gxseries referred to. (Except that turned into some political debate, which is fine for partisan lines.com but not for this site.) Now as for the coins aimed at collectors, have a look here:

https://www.nbrb.by/engl/CoinsBanknotes/Coins/Commemorative/Catalog
These are the collector coins from Belarus. Be prepared for a long list. There is also this "investor coin":
https://www.nbrb.by/engl/CoinsBanknotes/BullionCoins/slavyanka

Some of the pieces have really nice designs. But of course they are not made for (and do not show up in) circulation ...

Christian

 

The design of the collector coins sometimes is intersting. In 2006 a silver coin "Belarusian Ballet" became the first in the category "Coin with the best artistic solution" and a silver copy of the "Mute Swan" was the title " Best royal coin. " In 2007, the coin "Easter" from the series "Holidays and rituals of Belarusians" has become "a coin with the best artistic solution".

 

I don't collect Zodiac coins but for some reason I like the designs of their coins. Perhaps because they are so unique and "cute". I wouldn't mine having a set.
I definitely plan on purchasing the mint set as soon as it is available.

 

In English, a bit of information, most of the information in Russian or Belarusian.
There are few of the coins and bank notes of Belarusian - https://en.wikipedia.org/wiki/Belarusian_ruble#Coins
If you have specific questions, you can write here, or a personal message.

 

From what I have read, the year displayed on the coins is not really the production year anyway. Most pieces were indeed minted in 2008 (in Kremnica, SK) with the 2009 date that was supposed to be the introduction date. The 2 ruble coins, however, were made (in Vilnius, LT) last year and this year. Regardless of when they were minted, all pieces will be dated 2009 ...

Christian

 

My experience in Belarusian coins.

Belarusian coins were in circulation 01/07/2016. On the morning of the big stores can be found on the coin change. Banks in this day do not work - carried out the operation to move to the new money. The only bank operating in the city of Minsk - it was a branch of the National Bank to work with clients. In the bank it was possible to make an exchange of old money for new coins and notes. Shortage of coins and banknotes were recorded.
Now about coins and their release into the circulation. Coins minted in two mints in Slovakia and Lithuania. Denominations were published in the UK. The coins were minted in 2008-2009. All this time they have lain in the National Bank vault. I do not know how they were transported to Belarus, but they were brought to the banks are translated into bags of a thousand coins in the bag. Further, the bank counted them manually !, then divided by hand on a hundred bags of coins in the bag. Furthermore such bags were given out at the ticket counter. When you open the bag in hand all the coins again manually recalculated. If you wish to receive a hundred coins directly without conversion, it is still not possible. When you reveal the bag (in which manually sprinkled 100 coins) and bank cash employee count them manually. As a result, you accrue coins that have not been in circulation (UNC), but which are manually counted at least three times! As a result, almost all coins with no large scratches, small dents, fingerprints and small dents on the Edge.
Yes, it is important to tell all the coins remaining after a day of work, as well as notes, and recount the evening sit in the store, receive morning, converted and so on. After several days of not even having got into circulation, the coin will not have a nice view.
The result is important to take the coins in the bank immediately after unsealing the bags from the store of the National Bank. For example, I got them so.

 

Thanks for letting us know! Well, it makes sense that new coins do not quite look "brand new" any more after a short time in circulation. Maybe the fairly long period of storage - between the production dates and the issue or distribution date - also has an influence on how they look. Will hopefully soon get one set myself.

Christian

 

Interesting story behind these coins. Thanks for sharing it here.

I like the design of that bimetallic "2 ruble"(?) coin the best. I'm surprised that they are not ugly, despite having the coat of arms on the coins.

 

In Belarusian, it is "1 рубель" (singular) and "2 рублі" (dual). But I think that the common English term is indeed "ruble(s)" ...

The big question these days is, is the currency now stable enough that the coins and notes can keep their value for some time? Of course cutting a few zeros off makes calculations and such easier no matter what, but I hope the coins will stay around.

Christian

 

Inflation depends on the monetary policy of the government and the National Bank. While trying to restrain, but prices rise, the purchasing power is falling, and the lobby of the agricultural and industrial sectors in eknomiku requests pour more money. But since, globally, one person (president) solves all, the direction of development of the economy is difficult to predict., the direction of development of the economy is difficult to predict.