The accelerated growth of the ruble component helps improve the structure of the money supply. The average ruble money supply increased by 30.3% year-on-year and the average broad money supply grew by 21.3%. The ruble money supply has increased amid strong savings activity. The average amount of term deposits in the national currency increased by 29.1% over 12 months, including by 41.2% for individuals.

As of 1 October, individuals’ term deposits in Belarusian rubles totaled Br19.5 billion, up Br582.7 million, or 3.1%, in September. In January-September 2026, these deposits increased by Br4.4 billion, or 28.8%, compared with an increase of Br3 billion, or 27.2%, over the same period in 2025.

Term deposits in Belarusian rubles accounted for 73.7% of all term deposits held by individuals as of 1 October 2026, up from 64.7% in 2025.