The karbovanets (Ukrainian: карбованець, karbovanets, plural: карбованці, karbovantsi for 2–4, or карбованців, karbovantsiv for 5 or more), also known as kupon (Ukrainian: купон, kupon, plural: купони, kupony) or coupon, has been a distinct unit of currency in Ukraine during three separate periods of the 20th century. It is also a predecessor currency of today's Ukrainian hryvnia.
Third karbovanets
In 1991, notes were introduced in denominations of 1, 3, 5, 10, 25, 50, and 100 karbovanets (also called kupons[1] or coupons). All 1991 banknotes were of the same design, picturing Lybid from the monument of the founders of Kyiv on the obverse, and the Sophia Cathedral on reverse. The banknotes did not carry individual serial numbers or signatures. In 1992, banknotes for 100, 200, 500, 1,000 karbovanets were issued, which carried serial numbers and were better protected to counterfeiting.
