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500 Karbovantsiv
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 1992 |
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| Value | Log in to see details |
| Currency | Karbovanets (1992-1996) |
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| Obverse description | The central vignette portrays the Monument to the Founders of Kyiv, the 1982 commemorative sculpture erected to mark the city's 1,500th anniversary, rendered in a restrained colour palette against a guilloche underprint. Cyrillic inscriptions identifying the issuing authority and denomination occupy the upper and lower registers, with the year of issue also present in the lower field. Border elements of interlocking guilloche patterns frame the central composition on all sides. |
|---|---|
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| Variants | P#90a(1) - numeral "500" without UV activity large distance between fraction and serial# (1.5 mm); series 001/5 - 108/15 light image around serial# P#90a(2) - numeral "500" with UV activity large distance between fraction and serial # (1.5 mm); series 001/5 - 108/15 light image around serial# P#90a(3) - small distance between fraction and serial # (1.0 mm); series 201/26 - 250/28 dark image around serial# |
| Comments |
Ukraine's first post-Soviet banknote series was introduced in January 1992 as the karbovanets — technically a coupon currency, not a permanent one. The 500 karbovantsiv denomination arrived into an economy experiencing monthly inflation rates that would eventually spiral into one of the worst hyperinflationary episodes of the 1990s, rendering the entire series obsolete within a few years. By 1996, the karbovanets was replaced by the hryvnia at a rate of 100,000 to 1.
Pick 90 was printed by the Canadian Bank Note Company in Ottawa — one of several Western security printers contracted as Ukraine scrambled to establish sovereign currency infrastructure from scratch.