The NBU is withdrawing old 50 and 200 hryvnia banknotes from circulation: do they need to be exchanged?

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NBU withdraws old 50 and 200 hryvnia banknotes from circulation: do they need to be exchanged

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NBU withdraws old 50 and 200 hryvnia banknotes from circulation: do they need to be exchanged

The National Bank of Ukraine has refuted reports about the alleged withdrawal from circulation of old-design banknotes in denominations of 50 and 200 hryvnias. The regulator explained that they are being gradually replaced with new-design banknotes.

The regulator reported this in its Telegram channel.

The NBU noted that information about the withdrawal of old banknotes is being actively spread in Telegram channels. At the same time, the NBU announced this gradual replacement two years ago, in October 2024.

Which banknotes the NBU is gradually replacing

“Not withdrawal, but replacement of 50 and 200 banknotes of the 2003−2007 sample with 50 and 200 banknotes of the 2014 sample. To improve the quality of cash in circulation, the NBU is comprehensively working on optimizing cash circulation and consistently replacing all banknotes of previous years in circulation with more modern and secure ones,” the regulator reported.

Currently, the gradual withdrawal from circulation and replacement of banknotes in denominations is also ongoing:

• 20 and 100 hryvnias of the 2003—2007 samples — exchanged from January 1, 2023;