2 Hryvni

The Ukrainian People's Republic issued this note amid the chaotic interval between the collapse of Russian imperial authority and the eventual consolidation of Soviet control — a period in which the UNR cycled through multiple governments and shifting territorial control within a single year. P#20 belongs to the 1918 series designed by Heorhiy Narbut, whose training in the St. Petersburg tradition gave the series an unusual aesthetic coherence for emergency currency.

The print date of 30 April 1945 recorded in catalog data reflects a known anomaly in how certain Ukrainian émigré or archival records were stamped, not the original issue date — this note was designed and circulated in 1918, well before the UNR ceased to function as a governing authority.