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50 Karbovantsiv

Issuer State Treasury of Ukraine
Year 1917
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Value 50 Karbovantsiv
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Reverse description The reverse is printed in brown and grey tones, centred on a large oval portrait vignette with ornate scrollwork framing on either side. The denomination '50' appears in large numerals at upper left and upper right flanking the Cyrillic inscription 'КАРБОВАНЦІВ', while a decorative rosette guilloche is positioned at lower left and the Ukrainian trident at lower right.
Reverse lettering 50 КАРБОВАНЦІВ 50
За фальшування Карається Законом
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This note belongs to the first wave of Ukrainian currency issued following the proclamation of the Ukrainian People's Republic in January 1917 — a state that existed in genuinely contested territory, printing money while simultaneously fighting Bolshevik forces, German occupation, and internal political fragmentation. The 50 karbovanets denomination was designed by Heorhiy Narbut, one of the most distinguished graphic artists of the period, whose work drew heavily on Ukrainian baroque motifs and early Cossack-era ornamental traditions.

Narbut died of typhus in 1920, aged 35, never seeing the republic whose visual identity he had largely shaped.