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Belarus Issues New 200,000-Ruble Banknote

A woman holds a new 200,000 Belarusian ruble note (approximately $24.48) during a presentation to the media in Minsk on March 12.
MINSK -- The National Bank of Belarus has issued a new banknote worth 200,000 Belarusian rubles ($24.50), doubling the face value of its highest bill in the wake of a buffeting of the currency last year.

Belarus National Bank Deputy Chairman Uladzimer Syanko told journalists that the introduction of the new banknote had nothing to do with speculation over a possible redenomination of the national currency. He did not exclude that new banknotes of higher face values might be introduced in future.

The Belarus National Bank's biggest previous banknote, worth 100,000 rubles, was introduced in July 2005.

In 2011, the Belarusian ruble came under heavy pressure amid a major economic downturn and a government move toward greater liberalization of the currency regime.
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