Banknotes of Ukraine

The official currency of Ukraine is the hryvnia, issued by the National Bank of Ukraine since September 2, 1996. Paper money was first introduced in Ukraine in 1917 during the period of the Ukrainian People's Republic. A key event in the currency's history was the redenomination in 1996, when the hryvnia replaced the karbovanets at a rate of 1 hryvnia to 100,000 karbovanets. Collectors are drawn to Ukrainian banknotes for their vibrant designs and security features, often incorporating advanced elements such as holograms and watermarks. The 200-hryvnia note features a portrait of the renowned poet Taras Shevchenko and includes motifs inspired by Ukrainian folklore, highlighting the country's literary and artistic traditions.