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200 Karbovantsiv

Issuer National Bank of Ukraine
Year 1990-1992
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Value 200 Karbovantsiv (200 UAK)
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Obverse description Full sheet of 28 consumer coupons with registry panel, arranged in a grid layout. Individual coupon denominations of 1, 3, 5, 10, 25, and 50 karbovantsiv are present throughout. A repetitive fractal guilloche underprint fills the background of the sheet.
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Reverse description Reverse is entirely unprinted, left blank.
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Comments

Ukraine's first post-Soviet banknotes were not issued under Ukrainian independence but were prepared in anticipation of it — the 200 Karbovantsiv series was designed and printed before the August 1991 coup attempt that accelerated the USSR's collapse. The karbovanets itself was a deliberately provisional currency, understood from the outset to be a transitional instrument until a permanent hryvnia could be introduced, a process that took far longer than anyone planned due to hyperinflation and political instability through the mid-1990s.

These early large-format notes were printed by the Canadian Bank Note Company in Ottawa — a striking detail given the political moment.

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