: Ukraine's National Bank puts into circulation updated 500 hryvnia bill (photo gallery)

14:52 Apr. 11, 2016

Ukraine's National Bank puts into circulation updated 500 hryvnia bill (photo gallery)

Ukraine's National Bank puts into circulation updated 500 hryvnia bill (UNIAN Photo)

Design and security features improved while size and colour remain unchanged

On April 11, Ukraine's National Bank (NBU) put into circulation a new 500-hryvnia banknote with more sophisticated security features. This was reported by Viktor Zayvenko, Director of Monetary Circulation Department at the NBU.

"The 500-hryvnia bill with enhanced protection is being put into circulation, starting 11 April 2016," Zayvenko said. "New banknotes will be circulating simultaneously with banknotes issued in 2006, therefore Ukrainian citizens will not have to exchange their existing 500-hryvnia banknotes".

Read also New coin in Ukraine commemorates world famous 'Shchedryk' Christmas folk song

Read also New 'Bohdan Khmelnytsky' coin appears in Ukraine

The new banknote was introduced to improve its security features according to European standards, which recommend updating banknotes on a regular basis.

In 2012, Ukraine's National Bank started updating banknotes issued through 2003-2007 as part of a strategic program on improving the cash circulation in Ukraine for 2013-2018.

In March 2015, the National Bank put into circulation a newly designed 100-hryvnia banknote with extra security features.  

RELATED NEWS

Business19:08 Nov. 29, 2016
Three reasons to invest in Poland to reach the EU market
Business16:49 Nov. 25, 2016
EBRD willing to take stake in Ukraine's largest state bank
Business15:36 Nov. 24, 2016
Ukraine-IMF cooperation is at risk
Business12:01 Nov. 24, 2016
How Dutch business benefits from EU-Ukraine deal
Business21:21 Nov. 21, 2016
Naftogaz vs Gazprom: millions at stake
Ukraine Today WEEKLY DIGEST
Subscribe to receive regular email updates about Ukraine and Eastern Europe
vk154998