Zaychik

Search Dictionary

Definition of 'Zaychik'

The slang term for the Belarusian rouble, literally means "rabbit" after the first post-communist roubles in the early 1990s had pictures of animals on them, one of which was a hare. The currency has subsequently defenestrated the animals and now lists national monuments on the banknotes, but alongside parallel denominations has lost much of its value. While at a high of 2,150 roubles to $1 USD in 2006, the value of the Belarusian rouble to $1 USD, after a 56% devaluation in May 2011, now has decreased to more than 5,000 BYR.

Click image for original size
The actual 1 ruble banknote, which is now obsolete. New Belarusian banknotes have pictures of national monuments or points of interest imprinted on them.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.