Belarus is preparing for the currency redenomination, which will take place on July 1.
The banking system and stores are still working on some technical details that may arise when switching to the new currency, which ISO code will be BYN. The previous BYR 10,000 will now equal BYN 1.
The banking system is ready for the forthcoming redenomination. On July 1 at 8 am, new banknotes and coins will start to be delivered to ATMs, offices, and shops.
By July 1st, new banknotes will reach all corners of the country.
Sergey Gaiko, head of main department of cash circulation of the National Bank of the Republic of Belarus:
On July 1, a number of banks will carry out foreign exchange transactions with new banknotes, including coins. And on July 2, which is Saturday, all Belarusian banks will work according to the weekend schedule and have new banknotes.
Remember that on the night before the redenomination day, July 1, ATMs across Belarus will be out of function.
Alexander Sotnikov, head of digital banking technologies department of the National Bank of the Republic of Belarus:
On the night of June 30, bank payment cards will not function. Banks will be carrying out the necessary regulatory procedures, replacing software in ATMs and terminals. If there are any questions about the functioning of a bank card, the owner must first of all ask the bank that issued that card.
Bank cards at stores must function properly and any notices stating otherwise are illegal, Belarus' trade ministry says. Prices in stores will not go up either.
Do not worry if you get change in old currency - this is legal until the end of 2016.
The same thing goes for checks: those from terminals are likely to contain transaction info in new currency, while old cash registers are still likely to give you checks in old currency, which is temporarily allowed. The cash registers will be updated or replaced gradually.