In Ukraine there will be new 20-hryvnia banknote. The images before and after design changes

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New banknotes will enter into circulation on 25 September.

The national Bank presented the new 20-hryvnia banknoteswhich will enter into circulation on 25 September this year.

The Director of the Department of monetary circulation of the NBU Victor Savenko noted that by updating the design and improving the protection of banknotes hryvnia, the regulator committed to increasing their reliability. According to international standards, the banknotes need to be updated periodically in order to minimize or completely eliminate attempts at fraud to counterfeit money.

“This is the third banknote in the new banknote series of the national currency. She continues to update the nominal number of banknotes of the previous sample, started the National Bank in 2014 to improve the reliability of the hryvnia,” – said Victor Savenko.

Update banknotes of hryvnia the national Bank began with banknotes 100 UAH sample 2014 (in circulation from March of 2015) and 500 hryvnia of 2015 (in circulation from April 2016).

Initially, the NBU plans to produce and put into circulation about 5 million pieces of the upgraded banknotes with nominal value of 20 hryvnias for further distribution among the banks of Ukraine, which in turn will provide new banknotes Ukrainians.

At the beginning of July this year, the number of banknotes with nominal value of 20 hryvnias in circulation amounted to nearly 127 million shares (approximately 4.4% of the total number of banknotes in cash circulation).

Banknotes of the sample of 2003 and 2018 will be in circulation simultaneously. That is, will not need to exchange the banknotes of the previous sample by a new one.

“The national Bank monitors the process of withdrawal from circulation of worn-out banknotes and replaces them with new ones. The replacement of worn-out banknotes new – it is a process that occurs constantly and does not cause inconvenience to citizens,” said Savenko.

In connection with the physical wear of banknotes of hryvnia, the national Bank withdraws annually about 800 million pieces of banknotes of all denominations. Almost half of them are banknotes of low denomination from 1 to 20 hryvnia. For example, last year the regulator has withdrawn from circulation the worn and greatly worn-out banknotes with a total number of 749 million units in the amount of 48 billion hryvnia, including banknotes 20 UAH 72 million pieces for the sum of almost UAH 1.5 billion. This is almost 10% of the total number withdrawn from circulation the worn and greatly worn-out banknotes.

The national Bank of Ukraine

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