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National Bank of Ukraine Upgrades Banknotes and Coins

The National Bank of Ukraine (NBU) is in the final stages of updating the Hryvnia banknote and coin denominations. The new banknotes have greater security features to prevent counterfeiting, easier for cash payments, and costs far less in expenditure to the state.

The NBU plans to release the 5 and 10-hryvnia coins that will gradually replace the paper currency in circulation. It will also introduce 50- and 200-hryvnia banknotes with new security features. The designs are similar to the new generation 20, 100, 500, and 1,000-notes.

The dates for the release into circulation are:

  • 5 and 50-hryvnia bills on 20 December 2019
  • 200-hryvnia on 25 February 2020
  • 10-hryvnia in mid-2020

The main images depicted in the new notes are similar in size and color as the previous 50 and 200-hryvnia bills. Security features such as:

  • Embossed or tactile elements especially are introduced for the visually impaired.
  • Improved the UR and IR protection of the bill
  •  The black serial number runs vertically down the right edge on the reverse side of the bill
  • Has incorporated an optically variable element called SPARK, shaped like a stylized image of a water lily
  • Changes color when the note is tilted
  • a window thread that features the denomination and the Hryvnia symbol
  • The thread produces a dynamic light effect along with the image moving in a different direction when the note is tilted

The new currency will save the state huge costs as they have a longer lifespan than the banknotes. The transition is made as convenient as possible for the public.

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