Today, on December 29, 2014, the National Bank of Ukraine presented the new 100 hryvnia bill of 2014 design with improved security features.
This banknote, starting the replacement of domestic currency series designed in 2003 - 2007, will be put into circulation on March 9, 2015.
Yakiv Smolii, NBU Deputy Governor, has announced that the banknote will be put into circulation on March 9, 2015 as a measure improving the cash circulation and to replace the worn out, damaged and withdrawn banknotes as planned for 2015.
He stressed that the banknote was a result of regulator’s longstanding efforts to update the domestic currency series designed in 2003 - 2007. According to Yakiv Smolii, the process started in 2012 and is in line with Articles 34 and 35 of the Law of Ukraine On the National Bank of Ukraine and 2013-2018 Strategic Program of Cash Circulation Improvement, approved by NBU Board Resolution No. 399 of September 28, 2012.
NBU Deputy Governor has also noted that the date chosen for putting the banknote into circulation coincides with the birth anniversary of Taras Shevchenko, an eminent Ukrainian personality. “It is symbolic that presentation of the new 100 hryvnia banknote, that as well as the previous designs features Taras Shevchenko’s portrait, is happening on the year of 200th birth anniversary of the Great Kobzar”, - he added.
Mr. Smolii has pointed that the 100 hryvnia banknote of 2014 design is a legal tender in the territory of Ukraine and shall be accepted at its face value by all natural persons and legal entities without any limitation throughout the entire territory of Ukraine for all types of payments as well as for placing to the settlement accounts, on deposits, for letters of credit and transfers. The new banknote will be in parallel circulation with the same denomination of 1996 and 2005 designs.
Therefore, after introduction of the new 100 hryvnia banknote, there will be no need for the citizens to exchange older designs for the new one. Currently there are more than 547 million 100 hryvnia banknotes of the previous designs in circulation and they will remain a legal tender.
According to Yakiv Smolii the new 100 hryvnia note design is based on the modern world-renowned technologies used by the NBU Paper Mill and Banknote Printing and Minting Works. The new 100 note, for example, will have two new security features - window thread and SPARK OVI feature.
“Although hryvnia counterfeits are rare, the National Bank of Ukraine shall constantly work on the banknote design and security improvement, as it is done by the other central banks, to be at least one step ahead of the forgers. New security features will prevent counterfeiting and help cash users to identify the genuine banknotes”, - NBU Deputy Governor said.
For reference
The dominant yellow-olive color of 100 hryvnia note of 2014 design is supported by the tinted banknote paper.
The size of new banknote will be the same as that of the 100 hryvnia note of the 2005 design.
The color and size of the banknote make it easily distinguishable from other denominations, which helps users to recognize the banknote.
There is Taras Shevchenko’s portrait and a passage from his work in the center on the front of the note.
Central part of the back of the note features the building of Taras Shevchenko Kyiv National University.
The year of banknote design approval is in the lower part of the note.
The serial number is printed twice: vertically (with the changing height of the figures) in the black ink and horizontally in the red ink.
Taras Shevchenko’s portrait is repeated as a multitone watermark (an image created by paper fibers). The image is visible when the banknote is held up to the light.
The vertical number “100” (denomination) is also visible as the light tones of the watermark. The image is visible when the banknote is held up to the light.
There are the transparent images “100 ГРН”, the trident and underlined numerals “100” indicating the denomination on the embedded polymer magnetic strip, which become visible (normal and reverse image) when the banknote is held up to the light. The strip also glows yellow and light blue in the UV light.
The strip used in the new banknote is similar to that used in the 100 hryvnia note of the 2005 design.
A new security feature – the window thread - is a brown polymer thread partially embedded in the paper with the pronounced kinematic effect. There are images of “100” and hryvnia currency symbol on the thread. When the banknote is tilted, the background image moves in the opposite direction.
A new security feature 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 green.
There is a hidden image of numerals indicating the denomination in the ornamental pattern. When the banknote is tilted at an acute angle to the light, the “100” figure becomes visible.
The partial image of the numeric denomination “100” becomes the full image against the light.
On the banknote front side some images are tangible embossments (the portrait, numeric denomination indication, symbol for the partially sighted, inscriptions).
The square form embossment is intended for the banknote denomination identification.
Special printing ensuring the abrupt transition of one color into another without ruptures and displacements of the image elements.
Special printing ensuring the gradual transition of one color into another without ruptures and displacements of the image elements (present on both the front and back side of the note).
Microtext – the inscriptions readable by the use of magnifying glass (present on the both sides of the note).
The banknote also bears the UV/IR security features detectable by portable devices, desktop counters and high-speed sorters.
UV visible elements of design, present on the both sides of the note.
Design elements that become visible/invisible in IR lights on the both sides of the note.