The National Bank withdraws another coin from circulation

News

The National Bank withdraws another coin from circulation

04.09.2020 News

National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website.

According to him, from October by these coins will not be able to pay for goods or services. But the money can be taken to banks and exchanged for other banknotes and coins for another three years.

“We continue to bring order to the cash circulation and bring it to world standards,” said Oleksiy Shaban. – The main purpose of our solutions is to simplify cash payments and increase their convenience for users. We also care about the economic feasibility and quality of cash in circulation. ”

As the result, the banknote and coin series of the hryvnia will be reduced from 17 denominations to 12. In total, it will remain six denominations of coins and six denominations of banknotes.

This is consistent with international practice. The banknote and coin series will be orderly and convenient, “said the Deputy Governor of the National Bank.

Shaban added that from October 1, the NBU will also withdraw from circulation banknotes of old denominations issued until 2003. Such banknotes less than 2% of the currently outstanding.

The National Bank will more actively withdraw from circulation paper banknotes of 1 and 2 hryvnias and coins of 1 hryvnia of the 1996 model, replacing them with the corresponding circulation coins of the 2018 model.

Other articles

  • The Supreme Court confirmed the insolvency of Astra Bank
    News

    The Supreme Court confirmed the insolvency of Astra Bank

    The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]

  • The NBU has not intervened on the interbank market for three weeks
    News

    The NBU has not intervened on the interbank market for three weeks

    The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]

  • The NBU has assessed the resilience of the hryvnia to the new lockdown
    News

    The NBU has assessed the resilience of the hryvnia to the new lockdown

    The fall of the hryvnia will not happen again in the event of a full lockdown, as in March, assured the director of the open markets department of the National Bank Oleksiy Lupin. “We do not expect a repeat of the March events in the foreign exchange market, because in March it was something new, […]

  • PrivatBank sued Kolomoisky for a billion
    News

    PrivatBank sued Kolomoisky for a billion

    The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]

  • The National Bank announced the reason for the collapse of the hryvnia
    News

    The National Bank announced the reason for the collapse of the hryvnia

    The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations. Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III […]

  • Ukrainian banks for three months closed 250 branches
    News

    Ukrainian banks for three months closed 250 branches

    In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]

  • The NBU named the reasons for the fall in GDP in the second quarter
    News

    The NBU named the reasons for the fall in GDP in the second quarter

    Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

  • The external debt of Ukraine added $ 2.5 billion
    News

    The external debt of Ukraine added $ 2.5 billion

    In the second quarter of 2020, Ukraine’s gross external debt increased by $ 2.5 billion and amounted to $ 122.8 billion, according to the National Bank. In terms of GDP, debt increased to 78.8% from 75.1% at the end of the first quarter. At the beginning of the year the figure was 78.6%. “External debt […]

Read also

The National Bank withdraws another coin from circulation
News

The United States plans to improve the legislation in the banking sector, to stop the flow of illegal financing

Recently, the Governor of the State of New York spoke with a proposal on the introduction of new banking rules that would have made the system more transparent; reduce the flow of illegal investments. Also, this way the authorities are hoping to protect the banking system from the terrorists. This week Cuomo plans to discuss […]

Next
snymok 222
Analytics

URE Club: 10 years of creating opportunities

In autumn 2008, when the companies did not seem to take care about participation in associations, an absolutely new union, unique both regarding a format and essence, appeared at the real estate market of Kyiv. It is the union that, for a decade, has been successfully helping to solve the most topical issues in the […]

Next
The National Bank withdraws another coin from circulation
News

Deutsche Bank staff questioned as part of Libor investigation

Current and former Deutsche Bank staff have been questioned by the Serious Fraud Office in recent weeks in relation to the investigation into Libor rate-rigging. Traders have been interviewed about the manipulation of the London interbank offered rate and its euro counterpart, Bloomberg has reported. The interviews come shortly after the conviction of former UBS […]

Next
The National Bank withdraws another coin from circulation
News

A new temporary head of Ukrzaliznytsia has been appointed

At a meeting on Wednesday, August 11, the government replaced the interim head of Ukrzaliznytsia, appointing Oleksandr Kamyshin to replace Ivan Yuryk. The people’s deputy Alexey Goncharenko reported about it. In 2012-2019, Kamyshin was Rinat Akhmetov’s SCM investment manager and a member of the supervisory board of the stevedoring company Portinvest. Since 2020 he has […]

Next
The National Bank withdraws another coin from circulation
News

Ukraine is among the ten countries with the highest earnings on Bitcoin

Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]

Next
The National Bank withdraws another coin from circulation
News

Digital tools from METRO to grow your business!

There are more and more services every day that you can use with your own gadget from home. For business in the field of HoReCa, interaction with customers in the digital world is crucial. After all, guests are accustomed to convenient one-click booking, reminders about their reservations and more. Today, business owners are actively developing […]

Next
The National Bank withdraws another coin from circulation
News

Apple’s CEO received $ 750 million worth of shares from the company

Apple CEO Tim Cook received more than five million shares in honor of the 10th anniversary of his work at the company. The BBC reports this with reference to the company’s report to the US Securities and Exchange Commission (SEC). It is noted that Cook sold most of these shares for more than $ 750 […]

Next
The National Bank withdraws another coin from circulation
News

The new owner of Boguslavskiy zavod prodtovariv and fish processing plant Vohni Hestii will be Fozzy Group

One of the biggest Ukrainian trade and industrial groups Fozzy Group, which is a part of PJSC Holding Invest (Kyiv), has received permission from the Antimonopoly Committee for the purchase of Boguslavskii zavod prodtovariv (Kyiv region, city Bohuslav) and a plant for fish processing Vohni hestii (legal address – Kyiv, physical address – Zhytomyr). This […]

Next
The National Bank withdraws another coin from circulation
News

Denmark has banned the construction of the Baltic Pipeline

The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]

Next
The National Bank withdraws another coin from circulation
News

Asus restructured its office in Ukraine

In the course of the global restructuring,  ASUS in Ukraine closes entity which hasn’t worked for several years. Asus Technology PTE Limited Company (registered in Singapore) announced the cancellation of registration through  the liquidation of its office Asus Technology PTE (Kiev). This is stated in a message of the government publication Governmental Courier. The head […]

Next
The National Bank withdraws another coin from circulation
News

Radisson Hotel Group becomes world’s first hotel group to offer carbon negative meetings

Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]

Next
632595f853279441907151 730x410
News

The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

Next
The National Bank withdraws another coin from circulation
News

Two bankrupt banks try to return on the market

A head of the National bank of Ukraine appeals to law enforcements  with the request  to inspect Soyuz and Veles banks. It returned  to work in spite of the fact that the Central Bank had decided its liquidation.  V.Gontareva informed on Thursday that  these two banks recently had renewed its work. NBU stopped its functioning […]

Next
The National Bank withdraws another coin from circulation
News

Apple has been fined by the Italian government by € 318 million

 Apple has received a fine of € 318 million from the Italian regulatory authorities. Apple is accused of violating tax laws, namely in the tax evasion in Italy by transferring funds to Ireland. During the investigation, regulatory authorities found that the company deliberately transferred funds in the amount of € 880 million to Ireland, where […]

Next
The National Bank withdraws another coin from circulation
News

The court arrested the shares and assets of the Odessa oil refinery

The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments  from 19 January. The arrest imposed on the […]

Next
The National Bank withdraws another coin from circulation
News

Low-cost carrier Eurowings will operate flights to Ukraine

The German budget airline, which is one of the subsidiaries of the Lufthansa Group, will launch flights from Dusseldorf to Kiev on September 1. Data on the airline’s website indicate this. It is noted that the airline will operate flights on Mondays, Wednesdays and Fridays. Departure from Germany is scheduled at 11:30 (local time), arrival […]

Next