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Inflation To Absorb Belarusian Copecks Right Then And There

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Inflation To Absorb Belarusian Copecks Right Then And There

Since July 1 coins are to appear in Belarusian citizens’ wallets.

How long will they stay in circulation, given that the country lives in conditions of high inflation?

After the redenomination there will be eight coin nominals in Belarus, including 1, 2, 5, 10, 20 and 50 copecks. The scale of the redenomination is 1:10 000. That is 1 copeck is only.

– Today there are almost no prices, where Br 100 have to be used for payments. Since the inflation in the next few years is likely to make a two-digit number (if not more), I leave open the possibility that in two or three years 1 copeck will be out of circulation, – Candidate of Economic Sciences Leanid Zlotnikau said to Your Country Tomorrow.

The economist points out that initially he was not a supporter of the introducing coins in Belarus. Firstly, in his opinion, it would be more convenient for the redenomination to drop three zeros instead of four. Then one thousand would become a ruble and it would be easier to carry out the reassessments. Secondly, the expert notes, it’s more expensive to manufacture coins than bills – they require good metal and mint.

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