Ukrainian banknotes from 1 to 10 hryvnia will become coins
The National Bank of Ukraine will present new circulating coins with a nominal value of 1, 2, 5 and 10 hryvnia, a PolitNavigator correspondent reports.
This is stated in the press announcement of the National Bank.
“These coins will eventually replace banknotes of the corresponding denominations that are currently in circulation,” the NBU said in a statement.
“Ukrainians will be able to pay simultaneously with both new coins and banknotes of the corresponding denominations, until coins naturally and gradually replace banknotes in circulation,” it adds.
The regulator also noted that the update of the nominal series of the national currency is planned and began with the 100 hryvnia banknote of the 2014 model, put into circulation on March 9, 2015.
Earlier, the National Bank prepared a draft resolution proposing to stop minting coins in denominations of 1, 2, 5 and 25 kopecks.
Ukrainian banknotes from 1 to 10 hryvnia will become coins.