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1 000 000 Karbovantsiv Mykhaylo Hrushevsky

Issuer National Bank of Ukraine
Year 1996
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Value 1 000 000 Karbovantsiv (1 000 000 карбованців)
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Obverse description Within a beaded border adorned with flanking guelder-rose (viburnum) sprays, the small State Emblem of Ukraine (trident) is centrally positioned in the field. The date of issue 1996 appears above the emblem. The upper legend reads УКРАЇНА, while a three-line inscription 1 МІЛЬЙОН КАРБОВАНЦІВ is arranged below. Beneath the guelder-rose sprays, the silver fineness designation Ag 925 and the fine weight 15.55 are inscribed.
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Edge Reeded
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Hrushevsky was the first president of the Ukrainian People's Republic, serving briefly in 1918 before Bolshevik forces dismantled the government. He later made the catastrophic decision to return to Soviet Ukraine in 1924, was allowed to work as a historian for a time, then arrested in 1931 and died in 1934 under circumstances that remain disputed. This coin was struck just five years after Ukrainian independence, when reclaiming such figures from Soviet-suppressed history carried genuine political weight.

The denomination — one million karbovantsiv — reflects the hyperinflationary collapse of the post-Soviet karbovanets before the hryvnia replaced it in September 1996, the same year this piece was issued.

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