200 000 Karbovantsiv Bohdan Khmelnytsky

Issued in 1995 while Ukraine was still navigating the wreckage of Soviet-era monetary policy, this coin honors Bohdan Khmelnytsky, the Hetman who negotiated the 1654 Pereyaslav Agreement with Muscovy — a treaty that Ukrainians have spent centuries arguing over, variously interpreting it as a military alliance, a protectorate, or outright annexation. The denomination itself tells the inflation story: 200,000 karbovantsiv was transitional currency, the karbovanets having replaced the Soviet ruble in 1992 before being swept aside by the hryvnia in 1996.

The Zahreba reference distinguishes this as the KM.1.2 variety.