The National Bank decided to withdraw the 25 kopeck coin from circulation. since October. This was announced by the Deputy Head of the NBU Alexey Shaban.

" From October they will not be able to pay for goods or services. But these coins can be handed over to banks after October 1 and exchanged for other banknotes and coins for another 3 years, "

Shaban added that since October 1, the NBU withdraws from circulation the old denominations of the issue until 2003. There are less than 2% of such banknotes in circulation at the moment.

The National Bank will actively withdraw from circulation paper notes of 1 and 2 hryvnia and 1 hryvnia coins of the 1996 model, replacing them with the corresponding circulating coins of the 2018 model.

For the period from October 1, 2019 to August 31, 2020, 77.5 million pieces of coins of small denominations were withdrawn from the cash circulation, of which the denomination: 1 kopeck. - 3.5 million pieces or 0.14% of the coins of this denomination in circulation; 2 kopecks. - 1.9 million pieces or 0.14% of the coins of this denomination in circulation; 5 kopecks. - 23 million pieces or 1.3% of the coins of this denomination in circulation; 25 kopecks. - 49.1 million pieces or about 3% of the coins of this denomination in circulation.

Coins 1, 2 and 5 kopecks have ceased to be legal tender in Ukraine withdrawn from circulation since October 1, 2019.

As a result, after the process of withdrawing small coins and the introduction of new denomination banknotes into circulation, the nominal number of the hryvnia will be reduced from 17 to 12 denominations.

A range of 11-13 denominations is the most common approach for leading countries around the world - from the USA, Canada, the UK to the Czech Republic, Denmark, Switzerland and Australia.. This was reported by the "