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3 Karbovantsi

Issuer National Bank of Ukraine
Year 1991
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Currency Karbovanets (1992-1996)
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Obverse lettering УКРАЇНА КУПОН 3 КАРБОВАНЦІ НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ 1991
(Translation: UKRAINE COUPON 3 KARBOVANTSI NATIONAL BANK OF UKRAINE 1991)
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Reverse lettering 3 3 3 3
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Comments

Ukraine's first post-Soviet banknote series was issued in 1991 as a transitional "coupon" currency — the karbovanets — designed to operate alongside the Soviet ruble while the country established monetary independence. The 3 karbovantsi was part of that initial coupon release, printed on relatively plain paper at a time when Ukraine had no established domestic printing infrastructure capable of producing secure currency.

The watermark is the sole security feature, a thin line of defense that made counterfeiting a genuine concern almost immediately after issue.

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