About this conversion
The Belarusian ruble underwent a redenomination in July 2016, with 10,000 old rubles (BYR) being exchanged for 1 new ruble (BYN). This change simplified transactions and accounting in Belarus, as the old currency had experienced high inflation. The new ruble is subdivided into 100 kopecks, and its ISO code is BYN, replacing the old BYR code.
When converting BYR to BYN, the exchange rate is fixed at 10,000:1, meaning that 10,000 BYR equals 1 BYN. This conversion is important for historical financial records, accounting, and for individuals who may still hold old banknotes. The National Bank of Belarus facilitated the exchange of old currency for new during a transition period, which has since ended.
Today, the BYN is the official currency of Belarus, and the BYR is no longer in circulation. For those dealing with historical data or old transactions, understanding the redenomination is crucial. Always refer to official sources for any currency conversions, as the fixed rate is the only valid conversion factor.