Five million new notes have been printed / Photo from bank.gov.ua
The Central Bank assures it will be hard to counterfeit the new bill.
The brand new 1,000-hryvnia banknote was put into circulation on October 25.
The National Bank of Ukraine (NBU) has printed five million notes of the new 1,000-hryvnia denomination.
The front of the banknote features a portrait of Volodymyr Vernadskyi, a Ukrainian philosopher, naturalist and the founder of new scientific disciplines (geochemistry, biochemistry and radiogeology). He was also one of the founders and the first president of the Ukrainian Academy of Science established in 1918. The building of the Presidium of the National Academy of Sciences of Ukraine is at the back of the banknote.
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The color and size of the banknote make it easily distinguishable from other denominations, which helps users recognize the denomination. The dimensions of the new banknote are 75 mm by 160 mm. The main color is blue.
The banknote has both paper-based and innovative printed security features: the window thread is a polymer thread partially embedded in the paper with the respective color (magenta) and pronounced combined optically variable effects. The thread contains the digits representing the banknote's face value and the trident, the small coat of arms of Ukraine. Tilting of the banknote brings out the kinematic effect, the background image moves in the opposite direction. Another novelty is the SPARK OVI element with the kinematic effect. When the banknote is tilted, some areas of the image will gradually change the color (from golden to jade green).
"The new banknote incorporates top-notch design and security technologies," NBU Governor Yakiv Smolii said earlier. "The design of the new banknote is similar to the designs of the upgraded 20, 100 and 500 hryvnia banknotes."
Ukraine launched its national currency, the hryvnia, in September 1996, after monetary reform.
A new denomination of the Ukrainian hryvnia was last introduced 13 years ago, in 2006. It was a 500-hryvnia banknote.
Currently in circulation are banknotes of the following denominations: 1, 2, 5, 10, 20, 50, 100, 200, and 500 hryvnias, as well as coins in denominations of 10, 25, 50 kopiykas, as well as newly introduced 1- and 2-hryvnia coins. Coins in denominations of 1, 2, 5 kopiykas are no longer in circulation from October 1, 2019. Twenty-five-kopiyka coins are now being withdrawn from circulation, while five-hryvnia coins are expected to be introduced in autumn.