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| 表面の説明 | Light teal guilloche underprint covers the face. At upper left, a vignette of a domed Orthodox church or cathedral rendered in intaglio. The centre-right carries the large Cyrillic title СЕРТИФІКАТ and a multi-line text block stating the compensation purpose, with the denomination 1 000 000 українських карбованців printed in bold below. The Ukrainian trident emblem appears at upper centre, flanked by the inscription УКРАЇНА in the top banner, and two facsimile signature lines at the foot identifying the Minister of Finance of Ukraine and the Chairman of the State Property Fund of Ukraine. |
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| 表面の銘文 | УКРАЇНА СЕРТИФІКАТ На суму компенсації грошових заощаджень громадян України в установах Ощадного банку України і колишнього Укрдержстраху 1 000 000 українських карбованців Міністр фінансів України Голова Фонду державного майна України |
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Ukraine's hyperinflation in the early 1990s was among the most severe of the post-Soviet collapses. By 1993, monthly inflation exceeded 65%, and the karbovanets — itself a transitional currency introduced to replace Soviet rubles — was losing value faster than notes could be printed. The million-karbovanets denomination, unthinkable at independence in 1991, became a practical necessity within two years.
P#91A was issued by the Ministry of Finance rather than a central bank, reflecting the ad hoc institutional arrangements of that period — the National Bank of Ukraine was still establishing operational authority over monetary issuance. The karbovanets series was retired entirely in September 1996 when the hryvnia was introduced at a rate of 100,000 karbovantsiv to one hryvnia.