The National Bank may start developing the design of 500-hryvnia banknotes next year. This was reported to journalists by Vitaliy Bilorus, head of the NBU's department of expertise, currency protection and numismatics, according to "Ukrainian News." \n \nBilorus emphasized that the introduction of the 500-hryvnia banknote is not a matter of the near future, however the National Bank is considering such a possibility. \n \nThe NBU has also begun developing the design of 100-hryvnia banknotes of a new type and intends in 2005 to begin developing the design of new 200-hryvnia banknotes. \n \nRecall that from December 1, 2003, the NBU introduced into circulation banknotes in denomination of 20 hryvnias of the 2003 type, from March 29, 2004 - banknotes in denomination of 50 hryvnias of the 2004 type, from June 14 - banknotes in denomination of 5 hryvnias of the 2004 type, and from September 28 - banknotes in denomination of 2 hryvnias of the 2004 type. \n \nBy the end of this year, the National Bank also plans to introduce into circulation banknotes in denomination of 10 hryvnias of a new type, as well as banknotes and coins in denomination of 1 hryvnia of a new type. \n \nCurrently in circulation there are banknotes in denomination of 1, 2, 5, 10, 20, 50, 100 and 200 hryvnias.