Belarusian ruble in South African Rand

BYN Belarusian ruble

Country of application:
Belarus

Coin denominations in circulation:
50, 20, 10, 5, 2, and 1 ruble.

Denominations of banknotes in circulation:
100 thousand, 50 thousand, 20 thousand, 10 thousand, 5 thousand, 1 thousand, 500, 100, 50, 20, 10, 5, 2 and 1 ruble.

History reference:
BYN is strictly the national currency and is used for settlements only on the territory of the Republic of Belarus. At the beginning of 1992, Belarus was in a state of need to develop its own currenc...y, because. was included in the process of secession from the USSR and the formation of its own independent republic. While their own currency was being developed, coupons were issued, and a little later settlement tickets were exchanged at the rate for Soviet rubles. Since the adoption of the Declaration of Independence in July 1991, the countrys government has been working to create its own currency. The Presidium of the Supreme Council rejected the initial proposal to call it a thaler, so the countrys national currency is the Belarusian ruble. Often money in Belarus is called "bunnies". In 1992, an alternative to the Soviet ruble was a denomination of 1 ruble with the image of a hare. Hence the name came from. On all banknotes up to 100 rubles, various animals were depicted: bison, wolf, bear, etc., and on banknotes of higher denominations - architectural monuments.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.