Friday, January 28, 2011

Ukraine to issue New 200 Hryven Banknotes in 2011

National Radio Company of Ukraine
January 28, 2011

The National Bank of Ukraine is studying the feasibility of introducing into circulation banknotes denominated UAH 1,000 (1 USD - 7.94 UAH), says deputy chairman of the NBU Volodymyr Krotiuk.

He also said that the central bank is planning to issue in the 4th quarter this year banknotes in denomination of 200 UAH with an improved security system, with no significant changes in the design of banknotes foreseen. "We have 5 forgeries per 1 million banknotes. If we take the EU, there are 67 counterfeit banknotes per 1 million. We have 99.5% of the frauds made on printers or scanners, that is, not on special equipment," Krotiuk said, noting that it is internationally practiced to revise the system of protection of notes every 4-5 years. Today in circulation in Ukraine are banknotes in denominations of 1, 2, 5, 10, 20, 50, 100, 200, and 500 UAH.

Info courtesy of cleo phas

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