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100 Hryvnias Odesa City Loan
| Issuer | Executive Committee of the Odesa City Council |
|---|---|
| Year | 1997 |
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| Value | Log in to see details |
| Currency | Hryvnia (1996-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1997 травень 100 сто гривень сто гривень 100 номер серiя А-4 ОДЕСА облiгацiя мiської позики Голова Виконкому Головний бухгалтер 50% Виконавчий комітет Одеської міської ради народних депутатів Україна, м. Одеса, Думська площа, 1 CANADIAN BANK NOTE COMPANY, LIMITED. (Translation: 1997 May 100 one hundred hryvnias one hundred hryvnias 100 serial number series A-4 ODESA city loan bond Chairman of the Executive Committee Chief Accountant 50% Executive Committee of the Odesa City Council of People's Deputies Ukraine, Odesa, Dumska Square, 1 CANADIAN BANK NOTE COMPANY, LIMITED.) |
| Reverse description | Grey-toned letterpress on white paper with a fine guilloche border frame. Eleven numbered clauses of bond conditions printed in Cyrillic across the full field, with an empty rectangular box at lower right for coupon or stamp purposes. Text is set in justified columns with key figures such as the total emission volume and denominations underlined for emphasis. |
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| Comments |
Odesa issued this note in 1997 as a municipal bond instrument — a city-level borrowing mechanism during the severe liquidity crisis that gripped Ukrainian municipalities in the mid-1990s, when the central government in Kyiv was chronically failing to transfer funds to regional administrations. Workers and pensioners were going months without wages or payments, and city councils across Ukraine turned to locally issued scrip and loan certificates as a stopgap. Odesa's issue was among the more formally produced of these, contracted out to the Canadian Bank Note Company in Ottawa rather than printed domestically.
That choice of printer is notable. CBNC had long-standing relationships with post-Soviet states seeking Western security printing during the transition period — they printed early Ukrainian national currency as well. The production quality here far exceeds the note's essentially provisional character.