In this article, We learn about "Belarusian ruble (BYN)".Let's Go!
The Belarusian ruble (BYN) is the official currency of Belarus, a landlocked country in Eastern Europe.
The Belarusian ruble has been the country’s official currency since 1992, when Belarus gained independence from the Soviet Union.
The Belarusian ruble is subdivided into 100 kopecks and is symbolized by the “Br” sign.
The exchange rate of the ruble is determined by the supply and demand in the foreign exchange market.
Belarus is a country with a centrally planned economy, and the government has a significant role in controlling the economy and the value of the currency.
The National Bank of Belarus is responsible for managing the monetary policy and issuing currency in Belarus.
The Belarusian economy is largely driven by manufacturing and agriculture, and the value of the ruble can be affected by changes in the prices of key commodities such as oil, gas, and metals.
Political instability and geopolitical tensions in the region can also affect the value of the Belarusian ruble.
Visitors to Belarus can usually exchange their foreign currency for Belarusian rubles at banks, exchange bureaus, and some hotels and airports.
If you want to learn more foreign exchange trading knowledge, please click: Trading Education.
Gold prices FOREX TRADING USD
