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500 000 Karbovantsiv
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | 500 000 Karbovantsiv (500 000 UAK) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Central vignette presents the Saint Volodymyr Monument in Kyiv, a neoclassical column surmounted by a statue of Prince Volodymyr the Great holding a cross. A trident shield appears at left, serving as the state emblem of Ukraine. Inscriptions in Cyrillic identify the issuing authority and the denomination. |
|---|---|
| Obverse lettering | НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ 1994 УКРАЇНА КУПОН 500000 УКРАЇНСЬКИХ КАРБОВАНЦІВ 500000 (Translation: NATIONAL BANK OF UKRAINE 1994 UKRAINE COUPON 500000 UKRAINIAN KARBOVANTSIV 500000) |
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| Comments |
The Canadian Bank Note Company's involvement here reflects a broader pattern from the early post-Soviet period, when newly independent states lacked domestic printing capacity adequate for high-security currency and turned to established Western contractors. Ukraine was printing notes in Canada while simultaneously building the infrastructure to eventually bring production home to Banknot, its own security printing works in Kiev.
This denomination exists because hyperinflation in 1993–1994 was among the most severe experienced by any former Soviet republic — annual inflation exceeded 10,000 percent in 1993. Notes of this face value became routine transactional instruments almost immediately upon release, which is why circulated survivors typically show heavy wear.