have been minted by both the Lithuanian Mint and the Kremnica Mint. Both banknotes and coins have been ready in 2009, but the financial crisis prevented them from being put into circulation immediately, resulting in a 7-year delay conditional on the necessity to lower inflation. Their designs are very similar to the euro banknotes. Exchange rates On 2 January 2009, the National Bank of the Republic of Belarus lowered the exchange rate of the ruble by 50%. On 24 May 2011, the National Bank of the Republic of Belarus lowered the exchange rate of the ruble by 56%. Alexei Moiseev, chief economist at Russia's VTB Capital, said at the time that "a '91-style meltdown is almost inevitable", referring to the crisis which accompanied the dissolution of the Soviet Union. On 20 October 2011, the exchange rate of the ruble dropped 42% (from Rbl 5,712 to Rbl 8,680 per US$) when it was fully floated following demands to do so by Russia and the IMF. In January 2015, the National Bank of the Republic of Belarus devalued its currency by 23% against the US dollar despite efforts to keep Russia's currency crisis from spreading across the border. As of 1 February, one U.S. dollar was worth Rbls 15,400; by Tuesday, it fell to Rbls 15,450 to the dollar, as per data from the Belarusian Central Bank's website. As of mid-March 2022, the Belarusian ruble had reached an all-time low of Rbls 3.33 per US$1, during fallout from the 2022 Russian invasion of Ukraine. On 1 April 2022, it traded at Rbls 3.26 per US$, and had lost 21.5% of its value year-to-date. By 8 October 2022, it had recovered. See also Economy of Belarus Lithuanian long currency - the Lithuanian ruble, the currency in medieval Belarus Ruble References External links National bank of the Republic of Belarus - Official Exchange Rates (English) Information about Belarusian commemorative coins (English) Catalog of Belarus Banknotes LIVE Belarus Ruble eXchange Rates : BYR (English) Complete Gallery of Belarus Banknotes (issued and unissued) Currencies of Europe Economy of Belarus Fixed exchange rate Currencies introduced in 1992