New Ukranian banknotes made of flax

Ukraine’s new hryvnia banknotes will be made of flax, according to the country’s National Bank (NBU).

According to a press release issued by the NBU, the new banknotes will be made of flax fiber, which was the cheapest option, although other materials such as cotton, paddy straw and banana fiber were also considered.

Flax “has long been used to manufacture banknote paper for dollar bills in the U.S.,” said NBU deputy director Yakov Smoliy, who added flax hryvnia would “mark a new stage in the development of our national currency.”

The new material will also make the banknotes more resistant to damage and wear, claims the NBU.

Leave a Reply

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $45.75/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.