--- title: "NBU explains which banknotes the 2,000-hryvnia note will replace: not a single denomination, but part of several" description: "The National Bank of Ukraine clarified that the 2,000-hryvnia banknote will not replace any single denomination but will gradually replace a portion of notes of different values to optimize cash circulation." date: 2026-09-07T12:32:00.000Z lang: en url: https://xab.info/en/posts/nbu-explains-which-banknotes-the-2000-hryvnia-note-will-replace tags: [ukraine, nbu, hryvnia, banknote, vasyl-stus, economy, cash-circulation] publisher: "XAB.info" --- # NBU explains which banknotes the 2,000-hryvnia note will replace: not a single denomination, but part of several ![2000 hryvnia banknote from the National Bank of Ukraine: the note that will replace part of several denominations](https://xab.info/media/2026/09/07/nbu-obyasnil-kupiu-2000-griven-kakie-banknoty-zamenit/nbu-obyasnil-kupiu-2000-griven-kakie-banknoty-zamenit-1.webp) ## 🎯 Key Points - The NBU stated that the 2,000-hryvnia banknote will not replace one specific denomination but will replace a portion of notes of different values. - The issuance of the new note is aimed at optimizing the structure of cash circulation and replacing worn-out banknotes. - One 2,000-hryvnia note replaces two 1,000-hryvnia notes or four 500-hryvnia notes, reducing production and logistics costs. - Several dozen copies with zero numbering were produced for the presentation and are not intended for circulation. - The banknote bearing the portrait of Vasyl Stus was put into circulation on September 4, 2026, and became the highest denomination in the history of the hryvnia. The National Bank of Ukraine has clarified a key question that arose among market participants and the media following the launch of the new denomination: the 2,000-hryvnia banknote is not intended to replace any single existing denomination, including the 1,000-hryvnia note. This was stated by the regulator's press service in response to a request from RBC-Ukraine. According to NBU representatives, the move is about optimizing the overall structure of cash circulation, not about withdrawing a particular denomination from circulation. The new note will gradually replace a portion of banknotes of various denominations in line with the actual needs of cash circulation. ### How exactly the replacement will take place The regulator emphasized that the issuance of 2,000-hryvnia banknotes will be carried out within the planned volumes and primarily to replace worn-out and damaged banknotes of other denominations. Thus, the new highest-denomination note in the history of the hryvnia will not "crowd out" any specific denomination, but will gradually replace a portion of notes of different values β€” depending on the needs of cash circulation. This approach allows for flexible management of the mass of cash in circulation without sharp structural shifts. ### Economic effect on the system The NBU also provided a practical calculation: one 2,000-hryvnia banknote can replace two 1,000-hryvnia notes or four 500-hryvnia notes. According to the regulator's estimates, this will reduce the costs of producing, transporting, collecting, processing, and storing cash. For banks and cash-in-transit services, this means fewer physical units for the same amount, which lowers the logistical burden and the costs of the entire cash circulation system. ### Presentation copies with zero numbering Separately, the NBU explained the fate of the special copies produced for the presentation of the new banknote. Several dozen copies were made for the presentation, all with zero numbering and in compliance with the corresponding requirements for maintaining a regime of confidentiality. These banknotes were used to configure banking equipment before the launch of the new denomination and are not intended for use in cash circulation. After the presentation, such copies are stored at the NBU's Banknote and Coin Mint as samples of internal-procedure products. ### Launch context: the portrait of Vasyl Stus Recall that the NBU put the 2,000-hryvnia banknote into circulation on September 4, 2026. The new note features the Ukrainian poet, dissident, and Hero of Ukraine Vasyl Stus. It became the highest denomination in the history of the hryvnia, making the launch not only a technical but also a symbolic event for the national currency. ### Contradictory data The regulator's official position and part of the expert assessment diverge in their interpretation of the launch's consequences. The NBU insists that the issuance of the 2,000-hryvnia note is a tool for optimizing the structure of cash circulation, not linked to replacing one denomination with another and carrying no direct threat to prices. At the same time, a number of media outlets and analysts, in publications from July 2026, viewed the appearance of the new denomination as a possible signal capable of influencing inflationary expectations, raising the question of whether the NBU's step is timely or could be perceived by the market as a harbinger of rising prices. Thus, the difference lies not in the facts of the issuance, but in the assessment of its macroeconomic resonance: the regulator sees logistics and costs, while some observers see a psychological effect on expectations. ## πŸ” Fact-Check Verification - [New 2,000-hryvnia note: NBU explains which banknotes it will replace](https://www.rbc.ua/ukr/news/nova-kupyura-2000-griven-nbu-poyasnili-ki-1788784192.html) - Основной источник: ΠΎΡ„ΠΈΡ†ΠΈΠ°Π»ΡŒΠ½ΠΎΠ΅ Ρ€Π°Π·ΡŠΡΡΠ½Π΅Π½ΠΈΠ΅ прСсс-слуТбы НБУ ΠΎ Π·Π°ΠΌΠ΅Ρ‰Π΅Π½ΠΈΠΈ части ΠΊΡƒΠΏΡŽΡ€ Ρ€Π°Π·Π½Ρ‹Ρ… Π½ΠΎΠΌΠΈΠ½Π°Π»ΠΎΠ², расчСт экономии ΠΈ ΠΏΡ€Π΅Π·Π΅Π½Ρ‚Π°Ρ†ΠΈΠΎΠ½Π½Ρ‹Ρ… экзСмплярах с Π½ΡƒΠ»Π΅Π²ΠΎΠΉ Π½ΡƒΠΌΠ΅Ρ€Π°Ρ†ΠΈΠ΅ΠΉ. - [A 2,000-hryvnia banknote to appear in Ukraine: what the new note with Stus will look like](https://ura-inform.com/obshhestvo/2026/07/11/v-ukraine-poyavitsya-banknota-2000-griven-kak-budet-vyglyadet-novaya-kupyura-so-stusom/) - ΠšΠΎΠ½Ρ‚Π΅ΠΊΡΡ‚: описаниС внСшнСго Π²ΠΈΠ΄Π° ΠΊΡƒΠΏΡŽΡ€Ρ‹ ΠΈ ΠΏΠΎΡ€Ρ‚Ρ€Π΅Ρ‚Π° Василия Бтуса, анонс запуска. - [New 2,000-hryvnia note poses no threat to prices β€” NBU](https://minfin.com.ua/2026/07/12/177572054/) - ΠŸΠΎΠ΄Ρ‚Π²Π΅Ρ€ΠΆΠ΄Π°Π΅Ρ‚ ΠΏΠΎΠ·ΠΈΡ†ΠΈΡŽ рСгулятора ΠΎΠ± отсутствии прямой ΡƒΠ³Ρ€ΠΎΠ·Ρ‹ Ρ†Π΅Π½Π°ΠΌ; использовано для Π±Π»ΠΎΠΊΠ° ΠΎ Ρ€Π°Π·Π»ΠΈΡ‡ΠΈΠΈ ΠΎΡ†Π΅Π½ΠΎΠΊ. - [2,000 hryvnia with Vasyl Stus: a timely NBU step or a signal of rising prices](https://focus.ua/opinions/760546-budem-zhit-s-2000-grivnami-plyusy-i-minusy-novoy-ukrainskoy-kupyury) - АналитичСский/ΠΌΠ½Π΅Π½ΠΈΠ΅-ΠΌΠ°Ρ‚Π΅Ρ€ΠΈΠ°Π»: Π°Π»ΡŒΡ‚Π΅Ρ€Π½Π°Ρ‚ΠΈΠ²Π½Π°Ρ ΠΎΡ†Π΅Π½ΠΊΠ° влияния Π½Π° инфляционныС оТидания, использована Π² Ρ€Π°Π·Π΄Π΅Π»Π΅ Β«ΠŸΡ€ΠΎΡ‚ΠΈΠ²ΠΎΡ€Π΅Ρ‡ΠΈΠ²Ρ‹Π΅ Π΄Π°Π½Π½Ρ‹Π΅Β». ## ❓ FAQ ### Q: Will the 2,000-hryvnia banknote replace the 1,000-hryvnia note? **A:** No. The NBU explained that the new denomination does not replace any single denomination, including the 1,000-hryvnia note. It will gradually replace a portion of banknotes of various denominations depending on the needs of cash circulation. ### Q: When was the 2,000-hryvnia banknote put into circulation? **A:** The NBU put the 2,000-hryvnia banknote into circulation on September 4, 2026. It features Vasyl Stus, and its value became the highest in the history of the hryvnia. ### Q: Why is the NBU issuing a new denomination? **A:** The goal is to optimize the structure of cash circulation and replace worn-out banknotes. One 2,000-hryvnia note replaces two 1,000-hryvnia notes or four 500-hryvnia notes, which reduces the costs of producing, transporting, collecting, processing, and storing cash. ### Q: What are presentation copies with zero numbering? **A:** These are several dozen special banknotes produced for the presentation and for configuring banking equipment. They are not intended for cash circulation and, after the presentation, are stored at the NBU's Banknote and Coin Mint as samples of internal procedures.