Base amount in Be­larus at Br23 as from 1 Jan­uary 2017

Economy of Belarus - - LABOR MARKET -

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.

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