Coin of 10 hryvnia will gradually replace the corresponding banknotes
The national Bank of Ukraine (NBU) introduces into circulation coins of 10 hryvnias. New coins will become a valid means of payment on the territory of Ukraine from June 3, 2020.
New coin of 10 hryvnia – small in size, lightweight. Its diameter is 23.5 mm, weight 6.4 grams. It is made of zinc alloy plated with Nickel.
Due to the larger diameter and the edge (the third side of the coin) with a special large corrugation people will find it easy to distinguish it from the coins of other denominations.
On the reverse of the coin of 10 hryvnia depicts a portrait of Ukrainian Hetman Ivan Mazepa; on the obverse in the center framed by ancient ornament placed the coin value.
During the automated coin counting special equipment for their identification are used the following technical specifications: size and weight, as well as the so-called electromagnetic signature an electronic signal characteristic of a material.
In the first stage, the NBU plans to issue more than 5 million 10-hryvnia coins that will be distributed among the Bank’s divisions in regions. 3 June 2020 banks will be able to get the updated banknotes in the Bank and give them to your customers.
Citizens do not need to exchange the banknote of 10 hryvnia for the everyday coin of this denomination. They will be able for an unlimited period of time to pay both new banknotes and old banknotes of this denomination. Gradually – as a result of natural wear and tear – 10-hryvnia banknotes will be replaced in circulation coins.
“This is part of a comprehensive solution optimization and upgrade-mint banknote series of the hryvnia, which continues in 2014 and aims in Ukraine to provide more reliable and counterfeit-proof banknotes, the convenience of cash payments and cost savings for the state. The introduction of the new common coins of 10 hryvnias will complete this process”, – said the press service of the NBU.
We will remind, as of April 1, 2020 in circulation were of the new coins in denominations of 1 UAH more than 195 million units, UAH 2 – nearly 190 million units, 5 UAH – more than 7.0 million units.
We will note, in January of 2019, the head of the NBU Yakov Smoliy said that the national Bank of Ukraine plans to gradually fully replace paper banknotes from 1 to 10 UAH coin.
The national Bank has no plans to withdraw from circulation banknotes of 1, 2, 5 and 10 hryvnia. They measure the wear in parallel, it will be replaced by coins from denominations that will be released into circulation.
In July 2019 the head of the NBU Yakov Smoliy said that after the completion of the process of withdrawal of small coins and introduction of the banknotes with new nominal value of 1000 UAH nominal range of the hryvnia will be reduced from 17 to 12 denominations.
Of this number six will be banknotes and six coins.