The euro is off: Belarus switched to trading in Russian rubles

Now the share of the Russian ruble will take 60%, the US dollar – 30%, the Chinese yuan – 10%.

The board of the National Bank of Belarus decided to remove the euro from the basket of foreign currencies and replace it with the Russian ruble. This is stated on the website of the National Bank.

The message says that now the trade circles of the republic are more often conducted with Russia than with the European Union. Therefore, payments in euros decreased, but in rubles, on the contrary, increased.

‘Under these conditions, the structure of trading operations of JSC ‘Belarusian Currency and Stock Exchange’ has changed. There has been an increase in the volume of transactions with the Russian ruble and their share in the total volume of stock market transactions, while the volume and share of transactions with the euro have simultaneously decreased,’ the Central Bank said.

Now the share of the Russian ruble will take 60%, the dollar – 30%, the Chinese yuan – 10%.

‘At the same time, euro trading on the Belarusian currency and stock exchange will continue, and the official rate of the Belarusian ruble to the euro will be determined on the basis of information about the cross rate of the euro to the dollar on international financial markets,’ the regulator said.

Note that in the spring of 2022, Russian President Vladimir Putin named a number of world currencies, including dollars and euros, that had compromised themselves. Therefore, he ordered the Russian government to switch to payments in rubles for gas supplies, abandoning currency payments.

Earlier, the President of Belarus, Alexander Lukashenko, threatened Ukraine for the reluctance of our authorities to negotiate with the aggressor country. According to him, total destruction awaits Ukraine.

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