♠PokerInsider
Parimatch Poker Players in Belarus Face 50% Losses Due to Currency Devaluation
NewsJuly 4, 2011·1 min read

Parimatch Poker Players in Belarus Face 50% Losses Due to Currency Devaluation


Parimatch Poker players in Belarus are facing substantial financial losses due to currency devaluation. Leo_Manowar, a Belarusian poker player known as Leo_Manowar in the poker community, described the situation where players are losing about half of their money. The official exchange rate of the Belarusian ruble to the US dollar was about 3100 before the devaluation, and it rose to approximately 5000 after.

Parimatch Poker is part of the iPoker network and is popular among Belarusian players. The company is the first to start marketing activities in the country and is the only room where players do not have to pay income tax on their winnings. Players can withdraw their money but at the old exchange rate of 3150 rubles per dollar, which results in significant losses.

Parimatch Poker's affiliate manager navigatorPM stated that he cannot provide information on when or how the situation will be resolved. Leo_Manowar, a Parimatch Poker player, reached out to the affiliate manager navigatorPM to resolve his withdrawal issue. Despite his efforts, the situation remains unresolved, and players continue to face financial losses.

Share this article

Argus Riven

By

Argus Riven

I've spent years at the tables — cash and tournaments — and just as long shaping poker copy behind the scenes: room reviews, bonus fine print, tournament notes. At PokerInsider I write the way I wish more sites would: clear structure, honest trade-offs, no hype. Whether you're new or already grinding, I care about what the offer actually costs you — rake, variance, and the fine print — and I treat responsible play as part of the job, not a footnote.

♠More in News

SkillOnNet and Amusnet Partner to Boost Ontario's Online Gaming Scene

SkillOnNet and Amusnet Partner to Boost Ontario's Online Gaming Scene

1 min read
Imagine Live Expands into Belgium and Netherlands with Gaming1 Partnership

Imagine Live Expands into Belgium and Netherlands with Gaming1 Partnership

1 min read
Massachusetts Woman Wins $571K Lottery Jackpot

Massachusetts Woman Wins $571K Lottery Jackpot

1 min read
←All Articles♠ PokerInsider