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Ukraine Hyperinflation Banknotes

 

1,000,000 Karbovantsiv 1995

1,000,000 Karbovantsiv 1995 front
1,000,000 Karbovantsiv 1995 back

Enlarge: Front1,000,000 Karbovantsiv 1995 front
 & Back1,000,000 Karbovantsiv 1995 back

Front: Taras Shevchenko (1814-1861), Ukrainian poet and painter

Back: Kiev State University

Back to Hyperinflation Banknotes

Ukraine suffered a period of hyperinflation shortly after it broke away from the Soviet Union in 1991. The highest denomination in 1992 was 1,000 Karbovantsiv. By 1995, it was 1,000,000 Karbovantsiv. In the 1996 currency reform, 1 Hryvnia was exchanged for 100,000 Karbovantsiv.

 

 

 

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