Valorization of Mortgage Debts

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%.