Currency values shift: Strengthening US Dollar versus Softening Russian Ruble versus Belarusian Belief, as recorded on July 23's exchange rates.
In Belarus, the most favourable exchange rates for US dollars (USD) at currency exchange offices are roughly around 3.02 to 3.06 Belarusian rubles (BYN) per USD, with exchange offices accepting USD at about 3.02 BYN[2]. This aligns with recent data that suggests 1 BYN is approximately 0.30 USD[4].
When it comes to other currencies, the Belarusian Ruble exchanges for about 3.17 Swedish Krona (SEK) per BYN on average for 2025, with some fluctuation throughout the year[5].
Businesses in Belarus can currently use tokens for settlements in certain foreign trade transactions. The National Bank of Belarus is considering a definitive ban on the use of cryptocurrencies as a means of payment, but no such ban has been implemented yet[2].
Individuals in Belarus can own, store, mine, exchange, buy, sell, and gift cryptocurrencies. The National Bank of Belarus is ready to optimize requirements for businesses related to cryptocurrencies and is planning to set up protection mechanisms for clients of these businesses[6].
Belarus is actively working on creating its own digital ruble, with a planned launch in the middle of next year. The current exchange rates, as of June 23, are: dollar to Br2.9267, euro to Br3.4202, Russian ruble to Br3.7262 (for ₽100), and yuan to Br4.0814 (for ¥10)[7].
It's important to note that the consular official rate shows 1.39 BYN per USD, but this is likely a different scale and does not represent the practical rates at exchange counters, which are around 3 BYN per USD[1][3]. The Russian Ruble has weakened against the Belarusian Ruble, losing half a kopeck, and the yuan jumped up by 1.9 kopecks against the Russian Ruble[3]. However, no information about a current exchange rate for the digital ruble or a ban on the mining of cryptocurrencies was provided.
- The financial industry in Belarus is currently considering the use of fintech solutions, such as cryptocurrencies, for businesses, with the National Bank of Belarus optimizing requirements and planning to set up protection mechanisms.
- In the banking-and-insurance sector of Belarus, individuals are allowed to engage in various activities related to cryptocurrencies, such as ownership, storage, mining, exchange, and transactions, despite the ongoing consideration of a potential ban on cryptocurrencies as a means of payment.
