The National Bank of Ukraine is gradually withdrawing old banknotes worth 20–500 hryvnias from circulation: exchange is not mandatory
The National Bank of Ukraine is gradually withdrawing banknotes of the old series with a denomination of 20, 50, 100, 200, and 500 hryvnias from cash circulation, replacing them with modern banknotes with enhanced security features. It is not necessary to exchange old banknotes urgently – they remain a legal means of payment. The withdrawal is taking place gradually: banks and trading networks are not returning the received old banknotes to circulation.
The National Bank is gradually removing banknotes of the old series with denominations of 20, 50, 100, 200, and 500 hryvnias from circulation. These are banknotes of 20 hryvnias from the 2003 year, 50 hryvnias – 2004-th, 100 hryvnias – 2005-th, 200 hryvnias – 2007-th, and 500 hryvnias – 2006 year. They are being replaced by modern banknotes with an updated design and enhanced security features.
There is no need to urgently exchange old banknotes: they remain a legal means of payment and can be used for purchases and to pay for services. It is also not necessary to specifically bring these banknotes to the bank for exchange.
At the same time, banks and retail chains are gradually removing banknotes of the old series from circulation: the banknotes received from customers are not returned to the cash registers, but are replaced by banknotes of the modern generation. Old banknotes remain valid as long as they are in circulation.