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100 Hryven

Issuer National Bank of Ukraine
Year 2014-2022
Type Standard circulation banknote
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Reverse description Architectural vignette of the main building of Taras Shevchenko National University of Kyiv, rendered in warm red-brown intaglio tones against a fine guilloche underprint. The university, inaugurated on 15 July 1834, was renamed in honour of Taras Shevchenko in March 1939 on the 125th anniversary of his birth. The denomination and university name appear in Cyrillic lettering above and below the central vignette.
Reverse lettering 100 ГРИВЕНЬ 100 Сто гривень Київський національний університет імені Тараса Шевченка 2014 100
(Translation: 100 HRYVEN 100 One hundred hryvnias Taras Shevchenko National University of Kyiv 2014 100)
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The P#126 series spans a politically fractured period in Ukraine's recent history — from the Euromaidan aftermath and the Russian annexation of Crimea through to the full-scale invasion of 2022. The note itself didn't change, but the country issuing it transformed dramatically across those eight years. Circulation conditions deteriorated significantly after February 2022, with the hryvnia under sustained devaluation pressure and the National Bank implementing emergency currency controls to prevent capital flight.

The optically variable ink on this denomination was a deliberate upgrade, introduced as counterfeiting of high-value hryvnia notes had become a documented problem in the 2010s.

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