5 Hryven

Ukraine's first post-Soviet banknote series came with a complicated birth. The 1992 dated notes were not actually released into circulation until 1992–1993, during the transitional period when the karbovanets and hryvnia coexisted awkwardly before full monetary reform was completed in 1996. This 5 Hryven belongs to that first CBNC-produced series — the work went to Ottawa because Ukraine had no domestic security printing capacity capable of meeting international standards at independence.

Maksymov and Lopata were among the first Ukrainian engravers to work on sovereign currency, trained within the Soviet system but producing work for a state that had not existed the previous year.