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In
July 1990, the Supreme Soviet of the Belarusian SSR passed a
Declaration on State Sovereignty. After proclamation of independence,
banknotes of the State Bank of the USSR were in circulation
in the Republic of Belarus for some time, followed by those
issued by the Bank of Russia. In accordance with the resolution
of the Government of the Republic of Belarus, in May 1992 token
money issued by the National Bank of the Republic of Belarus
in 50 kopecks, 1, 3, 5, 10, 25, 50 and 100 Roubles denominations
were introduced into circulation. Afterwards, token money in
200 and 500 (1992), 1000 (1993), 5,000 and 20,000 (1994), 50,000
(1995), 100,000 (1996), 500,000 (1998), 1,000,000 and 5,000,000
(1999) Roubles denominations were introduced into circulation.
Although the above token money of the National Bank of the Republic
of Belarus was not declared to be currency and initially was
issued as a supplement to the primary monetary unit (the Soviet
Rouble and later the Russian Rouble), subsequent developments
upgraded it to the cash Belarussian Rouble. In May 1994, the
National Bank of the Republic of Belarus resolved that the Belarussian
Rouble shall be the sole legal tender in the territory of the
Republic of Belarus, while banknotes called token money - in
cash transactions.
In accordance with the Decree of the President of the Republic
of Belarus, on January 1, 2000, new banknotes in 1, 5, 10, 20,
50, 100, 500, 1,000, 5,000, in 2001, 10,000 Roubles, and in
2002, 20,000 and 50,000 Roubles denominations were introduced
into circulation and are currently in use.
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