Belarusians and their moneys 🎙

BYN-roubel, US dollar, euro and other kinds of money and their substitutes

B for Belarus #15 (2020-3-11) expert talk about Belarus with Vladimir Baranich and Yaroslav Romanchuk

  • US dollar as a savior of household savings and means to defend from hostile government.
  • Hard currencies and Belarusian rouble in the 1990-ies. Pain of financial illiteracy. Why over 70% of Belarusians still save in $-dollars.
  • Inflation and devaluation as means of confiscation.
  • Is a national currency an indispensable part of the national sovereignty?
  • Hard currency in Belarus today. Where and how can you use it?
  • The notion “conditional unit” or “notional unit” as a way to say “US dollar”.
  • Why Belarusians are so reluctant about investing in stocks and bonds?Read more about Belarusian national currency

or download audio to listen later

About the participants
  • Vladimir Baranich is a country consultant and media analyst – aka Lad Bar (the founder of the
  • Yaroslav Romanchuk currently works as the President of the Scientific Research Mises Center.

2 Replies to “Belarusians and their moneys 🎙”

  1. This was a super interesting podcast, but it also raised some questions..
    Do you guys think it is not safe in Belarus to keep savings in the bank ? Is it possible/likely that the government might freeze assets accounts during a crisis ? Has it ever happened before ?

    Thank you for the good content !

    1. Thank you, Fabio!

      To be short:

      1. Safe for now. But I wouldn’t keep it there.
      2. I consider that very likely if Russia won’t open in May – which is very unlikely.
      3. No, never before, but something happens for the first time. We never has such a situation before.

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