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1 000 000 Karbovantsiv
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 1995 |
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| Shape | Rectangular |
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| Obverse description | Central vignette presents the monument to Taras Shevchenko in Kyiv, erected in 1939 to commemorate the 125th anniversary of the poet's birth, set against a light guilloche underprint. The trident shield — Ukraine's national emblem — appears at left, with denomination numerals and issuer inscriptions arranged across the upper and lower margins. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The main vignette presents the façade of the Taras Shevchenko National University of Kyiv, rendered in fine line work against a guilloche underprint. The trident shield appears at right, with denomination numerals flanking the central design in the lower field. |
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| Comments |
Ukraine's hyperinflation in the early 1990s was among the most severe of any post-Soviet state — the karbovanets lost value so rapidly that denominations climbed from single digits to seven figures within a few years. This one-million unit note is effectively the endpoint of that collapse; the karbovanets was withdrawn entirely in September 1996 and replaced by the hryvnia at a rate of 100,000 karbovantsiv to one hryvnia, rendering notes of this denomination almost immediately obsolete.
The Canadian Bank Note Company contract is worth noting — Ottawa's involvement in producing currency for newly independent post-Soviet states was not uncommon in this period, as domestic printing infrastructure was either nonexistent or insufficiently secure.