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50 Hryven

Issuer National Bank of Ukraine
Year 1992
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Printer Canadian Bank Note Company, Ottawa
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Obverse description The obverse bears a portrait vignette of Mykhailo Hrushevskyi — historian, statesman, and first president of the Ukrainian People's Republic — positioned at center-right against a fine guilloche underprint. The denomination 50 appears at left and right flanking the portrait, with the national name УКРАЇНА arched above and the full value ПЯТДЕСЯТ ГРИВЕНЬ inscribed below. The overall design employs intaglio-printed line work in warm tonal gradations.
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Reverse lettering 50 50 ГОЛОВА ПРАВЛІННЯ НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ БУДИНОК ВЧИТЕЛЯ П`ЯТДЕСЯТ ГРИВЕНЬ 1992 50 50
(Translation: 50 50 CHAIRMAN OF THE BOARD NATIONAL BANK OF UKRAINE TEACHER'S HOUSE FIFTY HRYVNIAS 1992 50 50)
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Comments

Ukraine's first post-independence banknote series was contracted to the Canadian Bank Note Company before the country had established any domestic printing capacity — a practical necessity that carried its own political symbolism for a newly sovereign state. The 1992 coupons (karbovantsi) had been a stopgap; these hryvni were the statement.

Engravers Borys Maksymov and Vasyl Lopata were Ukrainian nationals whose involvement was deliberate — CBNC incorporated their work into Ottawa-produced plates, an unusual collaborative arrangement that gave the series a genuine domestic artistic claim despite being printed abroad. Pick 107A belongs to the first signature variety of this denomination.

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