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2000 Karbovantsiv

Issuer National Bank of Ukraine
Year 1993
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Value 2000 Karbovantsiv (2000 UAK)
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Obverse description Central vignette shows the Monument to the Founders of Kyiv, a commemorative sculpture erected in 1982 to mark the city's 1,500th anniversary, rendered in a fine-line intaglio style. A trident shield underprint appears at the left. Inscriptions in Cyrillic identify the issuer, denomination, and year across the upper and lower registers.
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Reverse description The reverse presents a vignette of Saint Sophia Cathedral in Kyiv, an eleventh-century architectural monument of global renown, rendered with fine-line detail in an intaglio-style composition. A trident shield underprint is positioned at the right side of the design. The denomination numeral is repeated in a series of guilloche-framed panels across the note.
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Ukraine's earliest post-Soviet notes were produced under considerable urgency. The karbovanets — technically a coupon currency introduced as a transitional measure in 1992 — was already losing ground to inflation so severe that denominations climbed from single digits to millions within a few years. This 2000 karbovantsiv note belongs to that inflationary spiral, issued in 1993 when the currency's purchasing power was collapsing faster than the printing schedule could accommodate.

The Canadian Bank Note Company contract was a pragmatic choice: Ukraine lacked the domestic security printing infrastructure to produce its own notes reliably in the early independence period. The karbovanets was eventually demonetized in 1996 when the hryvnia replaced it at a rate of 100,000 karbovantsiv to one hryvnia.