# Valorization of Mortgage Debts

- URL: https://syn.by/en/history/archives/valorization-of-mortgage-debts/
- Published: 1924-06-08T16:45:00+00:00
- Updated: 2026-10-23T21:02:46+00:00
- Section: Archives
- Language: en
- BE edition: https://syn.by/historya/arkhivy/valioryzacyja-hipatechnych-dauhou.md
- RU edition: https://syn.by/ru/istoriya/arhivy/valorizatsiya-ipotyechnykh-dolgov.md

> The Council of Ministers has determined how to convert debts secured by real estate into gold zlotys: from 20 to 33 percent.

![](https://syn.by/wp-content/uploads/2026/10/illustration-1143-1024x585.webp)

The Council of Ministers has worked out the principles for the valorization of old debts secured by immovable property in towns and villages. Into present-day money, within the bounds of Western Belarus, they will be converted as follows:

Town property: in the Białystok, Bielsk and Sokółka counties, 25% in gold; in all others, 20%.

Village property: in the Białystok Voivodeship, 33% in gold (except for the Ostrów and Wysokie Mazowieckie counties, for which a rate of 42% is introduced); in the other eastern voivodeships, 24%.