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BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·
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BYN

Belarusian Ruble

BYN · Belarus

43
Moderate
Risk
Historical Scores
404550Jul 2021Jul 2023May 2026
What does this mean for you?

The Belarusian Ruble is in decent shape overall, scoring 43 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 7.3%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
5.8%
Debt / GDP
33.2%
GDP Growth
4.0%
FX Volatility
40.1
Governance
Not available
Reserves
2.0 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
What to watch out for
Restrictions on moving your money out of the country
The currency has been swinging wildly — hard to plan ahead
Full Belarus analysis →

Savings Impact Calculator

BYN
Holding cash in BYN5.8% inflation
BYN 755−BYN 245 (25% purchasing power lost)
Your BYN 1,000 buys 25% less in 5 years
What if you invested BYN 1,000 instead? (5yr, in BYN terms)
USD-denominated assets gain an additional ~2.8%/yr from expected BYN depreciation vs USD
Hold USD Cash
BYN 989
−BYN 11
-0.2%/yr net in BYN
S&P 500
BYN 1825
+BYN 825
range: BYN 849–BYN 3543
10% USD return + 2.8% FX · ±16% vol
Gold
BYN 1669
+BYN 669
range: BYN 492–BYN 4448
8% USD return + 2.8% FX · ±24% vol
Bitcoin
BYN 3407
+BYN 2407
range: BYN 219–BYN 19.9k
25% USD return + 2.8% FX · ±54% vol

All values in BYN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~2.8%/yr based on the inflation differential between Belarus (5.8%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how BYN ranks differently.
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