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50 Karbovantsiv
| Issuer | Ukrainian State Treasury (Державна Скарбниця України) |
|---|---|
| Year | 1918-1920 |
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| Size | 132 × 75 mm |
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| Obverse description | A male peasant figure holding a spade stands at left, flanked by floral vignettes, while a seated woman with sheaves of wheat occupies the right side; the central oval panel carries the large denomination numeral '50' above the Cyrillic text 'КАРБОВАНЦІВ', surmounted by the Ukrainian trident state emblem within an ornate calligraphic border. A facsimile signature of the Director of the State Treasury, Lebid-Yurchyk, appears in script below the denomination. The note is printed in dark blue-green on a pale green tint, with calligraphic scrollwork framing the entire composition. |
|---|---|
| Obverse lettering | ЗНАК ДЕРЖАВНОЇ СКАРБНИЦІ 50 КАРБОВАНЦІВ Директор Державної Скарбниці Лебідь-Юрчик Ходить нарівні з кредитовими білетами (Translation: STATE TREASURY MARK 50 KARBOVANTSIV Director of the State Treasury Lebid-Yurchyk Equal in circulation to the credit tickets) |
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| Comments |
The Ukrainian State Treasury notes of 1918–1920 were issued during one of the most unstable periods in the region's modern history — the Ukrainian People's Republic and the Hetmanate successively issued competing paper currencies while the country cycled through German occupation, Bolshevik incursions, and White Army pressure. The Karbovanets series was printed under genuinely chaotic administrative conditions, with production continuing across multiple governments that each claimed legitimacy over the same printing infrastructure.
At over twelve million printed, this denomination circulated in volume — yet hyperinflationary pressure meant notes were spent almost immediately, and surviving examples showing honest circulation wear are more historically coherent than pristine ones.