Ukraine not planning 1,000-hryvnia note

According to a Ukrainian Journal article dated 1 December 2011, the National Bank of Ukraine (NBU) has no plans to issue a 1,000-hryvnia (US$125) banknote, says Viktor Zaivenko, deputy director general of the Money Circulation Department.

“The NBU has no such plans. And did not have [such plans]… The NBU is not working on issuing of 1,000 hryvnia banknotes and has not even designed them… The NBU thinks that the nominal range of banknotes as of today is sufficient for the economy,” Zaivenko told reporters.

Currently the largest denomination in Ukraine is the 500-hryvnia note (B853), issued in 2006.

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