Catalog
100 000 Karbovantsiv
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 1993-1994 |
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| In circulation to | 17 September 1996 |
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| Obverse description | Central vignette presents the Saint Volodymyr Monument in Kyiv, a statue erected in honour of Volodymyr the Great, Grand Prince of Kyiv. A trident shield device appears at the left. Denominations and issuing authority inscriptions are arranged across the face in Cyrillic lettering. |
|---|---|
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| Protection type | Watermark, UV ink |
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| Comments |
Ukraine's early independence-era banknotes were issued under acute inflationary pressure — by the time this denomination reached circulation, the karbovanets had lost so much purchasing power that 100,000 of them represented a routine transaction. The karbovanets itself was a transitional currency, introduced in 1992 to replace Soviet rubles before the hryvnia was ready, and was always intended to be temporary.
The series was eventually demonetized in September 1996 when the hryvnia was introduced at a conversion rate of 100,000 karbovantsiv to 1 hryvnia — making this note's face value exactly the base unit of the new currency.