Date: 4 weeks ago   Category: Economy

The National Bank of Ukraine introduces the note of 1000 hryvnias into circulation

The chairman of the National Bank of Ukraine Yakov Smoly declared changes in a nominal number of banknotes and coins,
directed to streamlining of monetary circulation of hryvnia
the National Bank of Ukraine since October 25, 2019 introduces into circulation the banknote of new high face value - 1000 hryvnias.

reported about it the head of the National Bank Yakov Smoly, the press service of the regulator tells.

On the new note will be represented the Ukrainian scientist and the public figure Vladimir Vernadsky.

"It is chosen for an outstanding contribution to history of Ukraine as philosopher, founder of a number of new branches of science - geochemistry, biochemistry, radio geology. He is also one of founders and the first president of the Ukrainian academy of Sciences created in 1918", - told during the press briefing which took place in National bank, the head of the National Bank of Ukraine Yakov Smoly.

On a reverse side will be printed the image of the building of Presidium of National Academy of Sciences of Ukraine. By the size and color of the banknote of 1000 hryvnias considerably differs from banknotes of other face values that will help the population to determine face value easily. The size of the new banknote is 75х160 mm. Primary color - blue.

"The new banknote united advanced technologies of design and protection, - Yakov Smoly noted. - On design this banknote inherits banknotes of the new modernized generation of hryvnia - the updated 20, 100 and 500 hryvnias".

of the Banknote has both elements of protection of paper, and innovative printing elements of protection:

a "window" protective tape - the polymeric tape which is partially entered into thickness of paper, has the corresponding color (purple) and pronounced combined optiko-shift effect. The tape contains the digital image of face value of the banknote and a trident - the small State Emblem of Ukraine. At change of a tilt angle of the banknote the kinematic effect is observed - the direction of the movement of the background image of a tape changes;

optically the variable SPARK element having kinematic effect. At change of a tilt angle of the banknote on sites of the image gradual transitions of flowers are observed (from golden color to jade).

In addition is established by the decision of National Bank that coins of 1, 2 and 5 kopeks will stop being means of payment in Ukraine and will be withdrawn from circulation since October 1, 2019.

will Also be gradually withdrawn from circulation a coin of 25 kopeks which will remain means of payment so far.

as a result - after completion of process of withdrawal of small coins and issuance of the banknote of new face value - a nominal number of hryvnia will be reduced from 17 to 12 face values.

"All in it will remain 6 face values of coins and 6 face values of banknotes. So it will become more ordered, - Yakov Smoly said. - A row face values is from 11-13 the most used approach for the leading countries in different corners of the world".

As note in National bank, too big variety of banknotes and coins leads to confusion in purses and takes away excess time



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