Ukraine to Introduce 2,000 Hryvnia Banknote Starting September 2026

New 2,000 Hryvnia Banknote Set for Release

According to НБУ: Andriy Pyshnyi, Governor of the National Bank of Ukraine (NBU), has announced that a new 2,000 hryvnia banknote will enter circulation on September 4, 2026. This decision is driven by several key factors:

• simplifying cash transactions;
• reducing state costs associated with cash handling;
• the nominal size of the economy has more than doubled over the past seven years.

According to Pyshnyi, the introduction of the new banknote will not affect inflation or the hryvnia exchange rate.

Rationale Behind the New Banknote

'This step became necessary because the nominal economy has more than doubled over the last seven years, partly due to inflationary processes.' – Andriy Pyshnyi

He further assured that the new banknote will not increase the overall money supply in the economy, and therefore will not drive up demand for goods and services. 'It will have no impact on future inflation, as there will not be more money in the economy,' the NBU governor emphasized.

Data shows that the share of cashless transactions using payment cards has steadily risen in recent years: it stood at 80% in 2019, reached 90% at the start of the full-scale invasion, and has now climbed to 96% as of the interview. 'Promoting cashless payments is one of the key objectives the National Bank is working on,' Pyshnyi noted.

He also stressed that ensuring public access to convenient and secure cash-especially in frontline areas-is a critical component of the financial system’s operational resilience.

The launch of the 2,000 hryvnia banknote symbolizes a gradual shift toward modern payment methods and adaptation to rapidly changing economic conditions. Pyshnyi pointed out that 'the situation on the currency market is influenced by changes in the balance between currency supply and demand.' This move reflects the NBU's efforts to maintain the stability of Ukraine’s financial system.

Introducing the new banknote is a significant step within the NBU’s strategy to modernize currency circulation and expand cashless payments. It demonstrates the financial system’s adaptation to contemporary challenges, including shifts in public behavior as more people turn to non-cash transactions. The new banknote may also serve as an important tool for ensuring economic stability amid ongoing inflationary pressures on the money supply.

As the National Bank of Ukraine prepares for the introduction of the new 2,000 hryvnia banknote in September 2026, it has also launched a dedicated platform to provide comprehensive information about this significant change. This initiative aims to educate the public on the features and benefits of the new banknote, reflecting the central bank's commitment to transparency and modernization in the financial sector. For further details, visit the dedicated website for the new banknote.