| Mô tả mặt trước |
The Ukrainian trident (tryzub) state arms in an oval cartouche at left, with a dotted border running the full perimeter of the note. The denomination '5 ГРИВЕНЬ 5' is printed in large bold numerals and Cyrillic text at centre-right, beneath the heading 'РОЗМІННИЙ ЗНАК ДЕРЖАВНОЇ СКАРБНИЦІ У.Н.Р.' Series designation 'Серія С. А. 1.' appears at lower left, with a facsimile signature of the Director of the State Treasury at lower right. |
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| Mô tả mặt sau |
At upper left, the denomination 'П'ЯТЬ ГРИВЕНЬ' in two lines above a rectangular vignette enclosing the Ukrainian People's Republic arms with the circular legend 'УКРАЇНСЬКА НАРОДНЯ РЕСПУБЛІКА'. A block of guarantee text in Cyrillic occupies the centre-right panel. The denomination '5 гривень 5' appears at lower left, series designation 'Серія С. А. 1.' at lower centre, and a circular official seal at lower right. A guilloche ornamental band runs across the lower portion of the note. |
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The Ukrainian People's Republic was fighting on multiple fronts in 1920 — against Bolshevik forces, the White Army, and Polish forces simultaneously — and its treasury notes from this period reflect the financial desperation of a government that had lost control of most of its territory. By the time this note was issued, the UPR's authority was effectively confined to shifting frontlines, and its currency had little practical backing.
The karbovanets-based series had already collapsed in credibility; these hryvnia notes were a parallel attempt to establish a distinct monetary identity, but hyperinflation made both series functionally worthless within months of issue. The UPR government went into exile in 1921, and most of its paper currency survived only because it stopped circulating rather than wore out.