BYN information
About Belarusian Ruble (BYN)
The Belarusian Ruble (BYN), the official currency of Belarus, is a symbol of the nation’s economic journey and resilience. It is commonly abbreviated as BYN and represented by the symbol Br. With its complex history and pivotal role in Belarus's economy, the Ruble offers a unique insight into the challenges and triumphs of this Eastern European country.
Historical Background
The Belarusian Ruble was introduced shortly after the country gained independence following the dissolution of the Soviet Union in 1991. This change marked a significant moment in Belarus’s history, as the nation sought to establish its own identity and economic autonomy. The early years of the Ruble were marked by hyperinflation and economic instability, mirroring the tumultuous transition from a Soviet republic to an independent state.
Design and Symbolism
The design of the Belarusian Ruble reflects the country’s cultural heritage and national identity. The notes and coins feature prominent historical figures, landmarks, and national symbols. For instance, the Mir Castle and the Nesvizh Castle, both UNESCO World Heritage Sites, are depicted on certain denominations, symbolizing Belarus's rich historical legacy. These designs serve not just as monetary instruments but also as a reminder of the nation's past and its cultural richness.
Economic Role and Value
The Ruble plays a crucial role in the Belarusian economy, facilitating trade and investment within the country. Over the years, the government and the National Bank of Belarus have implemented various reforms to stabilize the currency and control inflation. These efforts have been critical in building confidence in the Ruble and ensuring its functionality as a reliable medium of exchange.
Monetary Reforms and Redenomination
Belarus has undergone several redenominations of its currency, a response to historical periods of high inflation. The most recent redenomination in 2016 aimed to simplify transactions and restore public confidence in the national currency. This move was also part of broader economic reforms intended to stabilize and modernize the Belarusian economy.
NAFTY to BYN conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Br0 | 0.0200% / 0.0320%VIP 7 |
How to buy NAFTY
Buy NAFTY (or USDT) for BYN (Belarusian Ruble) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell NAFTY (or USDT) for BYN (Belarusian Ruble) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of NAFTY to Belarusian Ruble?
NAFTY to Belarusian Ruble is rising this week.Conversion tables
The exchange rate of NAFTY is increasing.NAFTY to BYN
BYN to NAFTY
Today vs. 24 hours ago
Amount | 21:13 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NAFTY | $0.00 | $0.00 | -0.00% |
1 NAFTY | $0.00 | $0.00 | -0.00% |
5 NAFTY | $0.00 | $0.00 | -0.00% |
10 NAFTY | $0.00 | $0.00 | -0.00% |
50 NAFTY | $0.00 | $0.00 | -0.00% |
100 NAFTY | $0.00 | $0.00 | -0.00% |
500 NAFTY | $0.00 | $0.00 | -0.00% |
1000 NAFTY | $0.00 | $0.00 | -0.00% |
Today vs. 1 month ago
Amount | 21:13 today | 1 month ago | 1M change |
---|---|---|---|
0.5 NAFTY | $0.00 | $0.00 | -0.00% |
1 NAFTY | $0.00 | $0.00 | -0.00% |
5 NAFTY | $0.00 | $0.00 | -0.00% |
10 NAFTY | $0.00 | $0.00 | -0.00% |
50 NAFTY | $0.00 | $0.00 | -0.00% |
100 NAFTY | $0.00 | $0.00 | -0.00% |
500 NAFTY | $0.00 | $0.00 | -0.00% |
1000 NAFTY | $0.00 | $0.00 | -0.00% |
Today vs. 1 year ago
Amount | 21:13 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NAFTY | $0.00 | $-0.{4}2151 | 0.00% |
1 NAFTY | $0.00 | $-0.{4}4302 | 0.00% |
5 NAFTY | $0.00 | $-0.0002151 | 0.00% |
10 NAFTY | $0.00 | $-0.0004302 | 0.00% |
50 NAFTY | $0.00 | $-0.002151 | 0.00% |
100 NAFTY | $0.00 | $-0.004302 | 0.00% |
500 NAFTY | $0.00 | $-0.02151 | 0.00% |
1000 NAFTY | $0.00 | $-0.04302 | 0.00% |
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