The central bank has started printing 1,000 hryvnia notes for release on Oct. 25.

The central bank has started printing 1,000 hryvnia notes for release on Oct. 25. Currently, worth $42, the banknote features Volodymyr Vernadsky, a Ukrainian philosopher, naturalist and the founder of the Ukrainian Academy of Science in 1918. The last banknote denomination to be introduced was the 500 hryvnia bill, introduced in 2006. On the low end, 1, 2 and 5 kopiyka coins stopped being valid for cash settlements on Tuesday. They will be withdrawn and melted down for scrap.