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500 Karbovantsiv

Uitgever National Bank of Ukraine
Jaar 1992
Type Standard circulation banknote
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Beschrijving voorzijde The central vignette portrays the Monument to the Founders of Kyiv, the 1982 commemorative sculpture erected to mark the city's 1,500th anniversary, rendered in a restrained colour palette against a guilloche underprint. Cyrillic inscriptions identifying the issuing authority and denomination occupy the upper and lower registers, with the year of issue also present in the lower field. Border elements of interlocking guilloche patterns frame the central composition on all sides.
Opschrift voorzijde УКРАЇНА КУПОН 500 КАРБОВАНЦІВ НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ 1992
(Translation: UKRAINE COUPON 500 KARBOVANTSIV NATIONAL BANK OF UKRAINE 1992)
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Opmerkingen

Ukraine's first post-Soviet banknote series was introduced in January 1992 as the karbovanets — technically a coupon currency, not a permanent one. The 500 karbovantsiv denomination arrived into an economy experiencing monthly inflation rates that would eventually spiral into one of the worst hyperinflationary episodes of the 1990s, rendering the entire series obsolete within a few years. By 1996, the karbovanets was replaced by the hryvnia at a rate of 100,000 to 1.

Pick 90 was printed by the Canadian Bank Note Company in Ottawa — one of several Western security printers contracted as Ukraine scrambled to establish sovereign currency infrastructure from scratch.