100 Karbovantsiv

Ukraine's first post-Soviet banknote series was printed in Canada before the country had any domestic high-security printing capacity. The Canadian Bank Note Company, a firm with deep experience producing currency for newly independent nations, delivered the entire inaugural hryvnia-predecessor series — the karbovanets notes — while Kyiv built its own facilities.

The karbovanets itself was a transitional instrument, introduced in January 1992 to replace Soviet rubles at par before the permanent hryvnia arrived in 1996. Rampant inflation through 1993–1994 made the 100 karbovantsiv denomination nearly worthless within two years of issue.