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10 Karbovantsiv
| Issuer | Ukrainian People's Republic, State Treasury |
|---|---|
| Year | 1919 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ЗНАК ДЕРЖАВНОЇ СКАРБНИЦІ ДЕСЯТЬ КАРБОВАНЦІВ ХОДИТЬ НАРІВНІ З КРЕДИТОВИМИ БІЛЕТАМИ Директор Державної Скарбниці Скарбник |
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| Reverse lettering | 10 КАРБОВАНЦІВ ФАЛЬШУВАНЯ КАРАЄТЬСЯ ПО ЗАКОНУ |
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| Comments |
The Ukrainian People's Republic issued this note under conditions of near-constant military and political collapse. By 1919, the UPR government was fighting simultaneously against Bolshevik forces, the White Army, and Polish troops while losing and retaking Kyiv multiple times — the treasury that nominally backed these notes controlled little more than the territory underfoot at any given week.
The karbovanets series of this period was produced in such quantity and under such disrupted conditions that serial numbering and watermark consistency vary considerably across surviving examples. Forgeries also circulated during the period itself, not just later.