Ukraine issues 500 hryvnia banknote

Banknotes, News

The new 500 hryvnia banknote will begin circulating today following its issue by the National Bank of Ukraine (NBU). Director of the NBU Cash Circulation Department, Mr Viktor Zaivenko, said that today’s issuance marks the continued efforts by the NBU to revamp the design of the banknote series designed between 2003 and 2007 as part of…

Cotton fibres used in banknote paper

Ukraine manufactures linen fibre banknotes

Banknotes, News

Ukraine’s Central Bank, the National Bank of Ukraine, has manufactured its first batch of banknote paper using linen fibres. A press release issued by the Bank on 23 March 2016 details how Ukrainian banknote paper manufacturers have been investigating the possibility of manufacturing banknote paper by mixing traditional cotton fibres with other plant fibres, such…

Ukraine presents new 500 hryvnia banknote

Banknotes, News

On 25th December 2015 the National Bank of Ukraine presented the new 500 hryvnia banknote, which is to enter circulation on 11 April 2016. The 500 denomination is the latest to be revealed, as part of a project launched in 2012 to revamp all note denominations released between 2003 and 2007. “The main reason behind…

Cash payment in market

Ukraine restricts cash use

Cashless Payments, News

The National Bank of Ukraine, the country’s Central Bank, has issued a press release stating that it has passed a resolution which restricts the use of cash within the country. The bank has passed a “Resolution On Setting a Cap on Cash Payment” (Resolution No. 210, dated June 6, 2013) whereby cash payments have been…

Ukraine to issue new 100 hryvnia banknote

Banknotes, News

According to a statement released by the National Bank of Ukraine, a new 100 hryvnia banknote will be released into circulation on March 9, 2015. The new banknote is the result of a long term project to replace the previous banknote series issued between 2003 and 2007. The new notes will run alongside the previous…