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100 Karbovantsiv

Issuer Ukrainian State Treasury (Державна Скарбниця України)
Year 1918
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Value 100 Karbovantsiv (100 карбованців)
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Obverse description Log in to see details
Obverse lettering Українська Держава
Знак Державної Скарбниці
100
СТО КАРБОВАНЦІВ
Директор Держав. Скарбниці
1918
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Protection description Large oval watermark zone visible on both obverse and reverse in the unprinted margin area; the watermark appears to contain a figure or emblem discernible when held to light.
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Comments

The Ukrainian State Treasury's 1918 issues were produced under genuinely chaotic conditions — the Central Rada government that authorized them had already fallen to Hetman Pavlo Skoropadsky's coup by the time many notes reached circulation. Skoropadsky's administration inherited and continued using Rada-era currency out of sheer necessity, which means this note circulated under a government that had no hand in designing or authorizing it.

The series was printed locally rather than abroad, an unusual choice driven by the difficulty of maintaining foreign printing contracts during the German-Austrian occupation period. Domestic production quality varies noticeably across the run.

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