Base amount in Belarus at Br23 as from 1 January 2017
As from 1 January 2017 the base amount in Belarus will be Br23. The decision is stipulated in the Council of Ministers’ executive order No. 974 of 28 November 2016.
Today the base amount stands at Br21 in accordance with the president’s decree No. 450 on redenominating the official currency unit of the Republic of Belarus (of 4 November 2015) and the Council of Ministers’ executive order No. 496 (of 27 June 2016).
The base amount is the economic indicator that defines the abstract value of the purchasing power of money, not associated with any specific tangible or intangible benefits. The base amount was introduced in Belarus in 2002. It is used to calculate the indicators and benchmarks in the field of labor relations, and also to determine the size of fines and fees.