On Oct. 17, UKRN CB announced replacement of outdated banknotes.
UKRB CB announced it will begin replacing 50 and 200 UAH banknotes from 2003-07.
Key Points
Citizens do not need to exchange the banknotes themselves, as they will remain valid.
Banks will gradually withdraw old banknotes from circulation, not issuing them during cash operations, and will send them for disposal, which will not affect transactions.
The purpose of the replacement is to improve the quality and security of cash as well as to complete the modernization of both domestic banknote and coin series.
