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Belarus
42
Moderate
Risk
Risk
#38
of 171
Riskier
than 78% of currencies
36
global avg score
$727
$1,000 in 5 years
Impact on Citizens
Citizens need to earn at least 8.1% per year on savings to stay ahead. Money sitting in a regular account is slowly losing value.See savings calculator ↓
Economic Indicators
Inflation Rate
6.6%
Debt to GDP
33.2%
GDP Growth
1.3%
Broad Money / GDP
30.7%
Banking & Stability
NPL Ratio
2.2%
Reserve Months
3.0
Current Account
-1.9%
FX Volatility
27.2
Governance & Markets
Rule of Law
Not available
Black Market Premium
5.0%
Capital Controls
64.0
Peg Fragility
Not available
Currency Structure
Global Currency Role
70.0
FX Regime
managed float
Data Coverage
83.0%
Savings Impact Calculator
BYN
Holding cash in BYN6.6% inflation
BYN 727−BYN 273 (27% purchasing power lost)
Your BYN 1,000 buys 27% less in 5 years
What if you invested BYN 1,000 instead? (5yr, in BYN terms)
USD-denominated assets gain an additional ~3.6%/yr from expected BYN depreciation vs USD
Hold USD Cash
BYN 1030
+BYN 30
+0.6%/yr net in BYN
S&P 500
BYN 1892
+BYN 892
range: BYN 886–BYN 3656
10% USD return + 3.6% FX · ±16% vol
Gold
BYN 1731
+BYN 731
range: BYN 516–BYN 4584
8% USD return + 3.6% FX · ±24% vol
Bitcoin
BYN 3517
+BYN 2517
range: BYN 231–BYN 20.3k
25% USD return + 3.6% FX · ±54% vol
All values in BYN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~3.6%/yr based on the inflation differential between Belarus (6.6%) 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.
Data last updated: 2026-10-02