The National Bank of Ukraine issued a 20-hryvnia commemorative bank
note on Sept. 1 in honor of the 160th anniversary of the birth of
writer and poet Ivan Franko. More than a writer, Franko is called one
of the architects of the Ukrainian nation.
The notes complement the 2006 coins dedicated to his 150th birthday.
A million pieces will be printed, with 20,000 of them being packed in
souvenir envelopes and sold by the bank’s representatives in Ukraine
for 31 hryvnia each. At current exchange rates 20 hryvnia is the
equivalent of 75 U.S. cents.
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The paper used contains Ukrainian flax that the bank claims reduces
costs and adds strength.
The predominantly green note also has color and motion shifting
properties. It has a portrait of Franko on its face and an image of
the Lviv Opera House on the back. These devices are also on the
regular issue 20-hryvnia note in circulation since 2003, but the
commemorative note has a slightly more modern appearance.