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100 Hryvnias Odesa City Loan
| Issuer | Executive Committee of the Odesa City Council |
|---|---|
| Year | 1997 |
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| Size | 211 x 150 mm |
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| Obverse description | Blue intaglio bond printed on white paper; central vignette of the Odesa City Hall (Vorontsov Palace portico) with sculptural groups and a standing figure in a guilloche roundel at base. Upper cartouche bears two cherubs flanking a griffin coat-of-arms amid rococo scrollwork; denomination '100' in ornate frames at left and right with Cyrillic text 'СТО ГРИВЕНЬ' across the centre. |
|---|---|
| Obverse lettering | 1997 травень 100 сто гривень сто гривень 100 номер серiя А-4 ОДЕСА облiгацiя мiської позики Голова Виконкому Головний бухгалтер 50% Виконавчий комітет Одеської міської ради народних депутатів Україна, м. Одеса, Думська площа, 1 CANADIAN BANK NOTE COMPANY, LIMITED. (Translation: 1997 May 100 one hundred hryvnias one hundred hryvnias 100 serial number series A-4 ODESA city loan bond Chairman of the Executive Committee Chief Accountant 50% Executive Committee of the Odesa City Council of People's Deputies Ukraine, Odesa, Dumska Square, 1 CANADIAN BANK NOTE COMPANY, LIMITED.) |
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| Comments |
Odesa issued this note in 1997 as a municipal bond instrument — a city-level borrowing mechanism during the severe liquidity crisis that gripped Ukrainian municipalities in the mid-1990s, when the central government in Kyiv was chronically failing to transfer funds to regional administrations. Workers and pensioners were going months without wages or payments, and city councils across Ukraine turned to locally issued scrip and loan certificates as a stopgap. Odesa's issue was among the more formally produced of these, contracted out to the Canadian Bank Note Company in Ottawa rather than printed domestically.
That choice of printer is notable. CBNC had long-standing relationships with post-Soviet states seeking Western security printing during the transition period — they printed early Ukrainian national currency as well. The production quality here far exceeds the note's essentially provisional character.