New 2,000 Hryvnia Banknote to Be Issued by Ukraine's Central Bank Starting September 4

Cash in Circulation in Ukraine as of July 1, 2026

According to НБУ: As of July 1, 2026, Ukraine had 970.8 billion hryvnias in cash circulating across the country. During the first half of 2026, the total cash supply increased by 4.8%, adding 44.5 billion hryvnias. The National Bank of Ukraine has announced the introduction of a new 2,000 hryvnia banknote, which will enter circulation on September 4, 2026. Additionally, a gradual withdrawal of 10-kopiyka coins began on October 1, 2025. This move is part of broader efforts to modernize the nation's currency system, which has seen significant shifts in recent years.

At the start of the year, on January 1, 2026, the total cash in circulation stood at 926.3 billion hryvnias. Comparing the first half of 2025, cash volumes grew by 4.6%. The current breakdown of physical currency includes:

• 2.6 billion banknotes, with a combined value of 960.7 billion hryvnias;
• 15.3 billion coins (excluding commemorative and investment pieces), worth 9.9 billion hryvnias.

Per capita, each Ukrainian resident now holds an average of 64 banknotes and 197 payment and circulation coins. As of January 1, 2026, these figures were 64 banknotes and 193 coins. The most prevalent banknote in circulation is the 500 hryvnia denomination, accounting for 25.8% of all banknotes, while the 50 hryvnia note is the least common at just 4.5%.

Trends in Banknote and Coin Circulation

The fastest growth in the first half of 2026 was seen in 1,000 hryvnia banknotes, whose share of total banknote count rose by 1.8% compared to early 2026, reaching 20%. By value, the 1,000 hryvnia note now represents over 55% of all banknotes in circulation as of July 1, 2026.

Regarding coins, the circulating supply includes four denominations: 1, 2, 5, and 10 hryvnias. The 1 hryvnia coin is the most common, making up 4.8% of all coins, while the 10 hryvnia coin is the least prevalent at 2.5%. The 10-kopiyka coin accounts for 26.9% of all coins in circulation. Since the phased withdrawal of these coins began on October 1, 2025, a total of 6.5 million units have been removed. The 50-kopiyka coin represents 9.1% of the total coin supply.

Overall, Ukraine's cash circulation continues to evolve dynamically, driven by the introduction of new denominations and the removal of older ones. These changes reflect ongoing adjustments in monetary policy.

The launch of the 2,000 hryvnia banknote likely signals an adaptation of Ukraine's monetary system to inflationary pressures, aiming to facilitate larger cash transactions and reduce the need for carrying multiple notes.

At the same time, the withdrawal of 10-kopiyka coins appears aimed at streamlining cash handling and cutting production costs. Given the steady growth in cash volumes, monitoring further actions by the National Bank of Ukraine and their economic impact will be crucial.

As the National Bank of Ukraine prepares to launch the new 2,000 hryvnia banknote, it is crucial to understand the broader implications of this change on the currency landscape. The recent trends in cash circulation, including the significant growth of the 1,000 hryvnia banknote, highlight the evolving preferences of consumers. For a deeper insight into the upcoming banknote and its potential impact, you can read more about it in our detailed coverage.