BYN – Belarusian Ruble
BYN is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Belarus.
Besides this limitation, this currency is considered to be complex: In some cases, the final beneficiaries will have to contact their local branch to release the funds, or might be required to sign documents to authorise the release of funds.
- Currency Guidelines
Besides the standard information, it is important to note that the domestic account number is thirteen digits length.
The full name (written out in full, without initials, abbreviations or acronyms) and the full address of the beneficiary are mandatory (P.O. boxes are not accepted).
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Additionally, it is mandatory to provide in the remittance information:
• The beneficiary’s tax ID (UNN, INN or UNP)
• The beneficiary’s bank full name
• The MFO code of the beneficiary’s bank (a unique bank identifier code of three digits or nine if the code begins with: 153001)
This currency does not have any decimal places.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge option: OUR/SHA/BEN
• Central bank of Belarus: http://www.nbrb.by/engl/