Friday, December 20, 2019

New Hryvnias

From UNIAN:
“NBU introduces new five-hryvnia coins, redesigned 50-hryvnia banknotes”


The National Bank of Ukraine on December 20 introduced brand new five-hryvnia coins and redesigned 50-hryvnia banknotes. The coins are made of plated zinc alloy. The reverse of the coin carries Hetman Bohdan Khmelnytsky's portrait, as is the case with the old banknote of the same denomination. The NBU says that it initially plans to put into circulation 5 million new banknotes and coins each, but over time their number may increase depending on the needs of the economy. Banks can start ordering redesigned banknotes and new coins at the NBU's branches for customers, it said. "To ensure that hryvnia banknotes continue to be protected, the NBU has decided to update the designs of both the 50-hryvnia banknote, which has remained unchanged since 2004, and the 200-hryvnia banknote, which has not changed since 2007," the NBU said in a statement. The new the 200-hryvnia banknotes will go into circulation on February 25, 2020.The updated banknotes inherit the design features of the new-generation 20-, 100-, 500-, and 1,000-hryvnia bills. They retain the main images depicted on the previously issued 50- and 200-hryvnia bills and are similar in size and color range. At the same time, both of the upgraded banknotes carry enhanced security features. In particular, the bills have more pronounced embossed elements, including features for visually impaired individuals. The UV and IR protection of the bills has been improved. The serial number, printed in black using a font where characters vary in height, runs vertically down the right edge of the bill's reverse. According to the NBU, individuals will not be required to exchange the current 5-, 10-, 50-, and 200-hryvnia bills for new banknotes and coins. No time limits will be imposed on the simultaneous use of new and previous banknotes in payments. UNIAN memo. Currently, in circulation in Ukraine are such denominations of the national currency as 1-, 2-, 5-, 10-, 20-, 50-, 100-, 200-, 500- and, 1,000-hryvnia banknotes, coins with a face value of 10, 25, 50 kopiykas, as well as 1-, 2- and, 5-hryvnia coins.

^ I like to see what a country changes its currency to (especially if I have been there like Ukraine) and if the country is forcing its people and tourists to go out of their way and change the old money to the new money or if it allows the old money and new money to be used side-by-side. ^

https://www.unian.info/economics/10803935-nbu-introduces-new-five-hryvnia-coins-redesigned-50-hryvnia-banknotes-photos.html

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