The National Bank of Ukraine proposes to fully withdraw 10-kopiyok coins from circulation. From 1 February 2027 they would cease to be legal tender, so it would no longer be possible to pay for goods or services with them.
This was announced by the National Bank.
The draft resolution of the NBU Board has been put out for public consultation, with comments and proposals accepted until 22 November inclusive.
The gradual withdrawal of 10-kopiyok coins began on 1 October 2025. Since then the National Bank has stopped minting them, and coins that reach banks no longer go back into circulation: they are handed to the NBU to be counted and destroyed.
At the same time, they can still be used for payments. A shopper who has such coins can pay with them, and a seller who has them can give them as change.
What changes from February 2027
Businesses and sole traders will have two weeks, until 16 February 2027, to hand in their remaining coins to banks to be credited to their accounts.
When paying in cash, the receipt total will be rounded to the nearest 50 kopiyok. The rules are the same as those already used when neither the shopper nor the seller has 10-kopiyok coins:
- 1 to 24 kopiyok is rounded down to 00;
- 25 to 49 kopiyok is rounded up to 50;
- 51 to 74 kopiyok is rounded down to 50;
- 75 to 99 kopiyok is rounded up to the next whole hryvnia.
For example, a purchase costing 47.24 hryvnias will cost 47 hryvnias, while one costing 47.25 will cost 47.50. Card and transfer payments are not rounded, as is already the case.
Infographic: National Bank of UkraineWhere to exchange the coins
Individuals will be able to exchange 10-kopiyok coins for other coins and banknotes free of charge, in amounts that are multiples of 50 kopiyok. Until 31 January 2028 this can be done at any bank in Ukraine.
From 1 February 2028 to 31 January 2030 the exchange will be handled only by National Bank units and four authorised banks: PrivatBank, Oschadbank, PUMB and Raiffeisen Bank.
Why the 10-kopiyok coin is going
In summer 2025, when the NBU first announced the withdrawal, about 4.1 billion of these coins were in circulation. That was almost three quarters of all small-change coins: there were 1.4 billion 50-kopiyok coins at the time.
In a survey commissioned by the National Bank in July 2024, 74.5% of respondents said 10-kopiyok coins were unnecessary in everyday payments. According to the regulator’s estimate, only 5–6% of the coins of this denomination ever issued will come back to banks.
Hryvnia small-change coins of 1, 2, 5, 10, 25 and 50 kopiyok were put into circulation on 2 September 1996. The 1, 2 and 5-kopiyok coins stopped being legal tender on 1 October 2019, and the 25-kopiyok coin a year later. Once the 10-kopiyok coin goes, 50 kopiyok will be the only small-change coin left.
As a reminder, on 13 November the official dollar rate rose by 6 kopiyok to 45.38 hryvnias.
Nota bene
Bucha FM is an independent news site and station for the Bucha district. We cover what matters to the community, and we work for you — and because of you. Joining the people who make this possible is simple: support us with any amount.
Comments
No comments yet — be the first.