Ukraine will abandon 50 kopecks: what will replace the coin.

The National Bank of Ukraine has decided to stop issuing coins with a denomination of 50 kopecks. The head of the NBU, Andriy Pyshnyy, stated that the next batch of these coins will be called 'steps' and this requires approval from the members of parliament.

'We still have to wait for some time for the 50 kopecks. There are about one and a half billion in circulation. And we want the next batch we have to release to be no longer kopecks, but steps.'

There are already proposals to the parliament to change the name from 'kopecks' to 'steps'. The head of the NBU reported that work on the new design of the coins will begin after the renaming.

The purpose of changing the name of the coins

The NBU explained that renaming the coins is aimed at restoring historical justice and supporting national traditions in the monetary circulation of Ukraine, and will also contribute to de-Russification.

The change of name to 'steps' does not mean the removal of 50 kopecks from circulation. Earlier, plans were announced to establish banks in post offices and supermarkets in Ukraine.

Plans of the National Bank

The NBU's plans to rename coins to 'steps' align with the strategic goals of de-Russification and preserving traditions in monetary circulation. The name change does not mean the removal of coins from circulation, and a new design will be introduced as soon as the decision is made.

In conclusion, the National Bank of Ukraine plans to stop issuing coins with a denomination of 50 kopecks and rename them to 'steps' as part of the de-Russification strategy and the support for national traditions in monetary circulation. The name change will not lead to the withdrawal of coins from circulation, but will promote the introduction of a new design.