The National Bank of Ukraine is considering the possibility of gradually withdrawing 10-kopeck coins from circulation. About this informs NBU press office.
Currently, there are about 5.5 billion such exchangeable coins in circulation, of which more than 4 billion are dozens. Despite this, their use in cash settlements has practically come to nothing, while the demand for 50 kopecks remains stable, particularly in the field of trade. That is why in 2025 it is planned to mint another 20 million new fifty-kopeck coins for the needs of circulation.
Withdrawal of 10 kopecks will allow the state and participants in cash circulation to reduce the costs of manufacturing, transportation, processing and storage of such coins. The National Bank proposes to begin the gradual withdrawal of these coins from October 1, 2025 — since then, both their minting and additional circulation will cease. At the same time, coins do not lose their status as a means of payment and remain valid until a separate decision of the regulator on their final withdrawal.
Banks will continue to accept 10 kopecks from individuals and legal entities for crediting to accounts or performing transactions. But in the future, receiving them, the banks will not return the coins to circulation – they will be withdrawn and transferred to the National Bank for transfer and disposal.
In the trading network, coins with a denomination of 10 kopecks will also remain in use: if available, the buyer will be able to pay with them, and the seller will be able to issue the rest. However, if there are no such coins during the calculation, the rules for rounding the total amount in the check will apply. This, in particular, means reducing or increasing the amount to the nearest value, a multiple of 50 kopecks or a full hryvnia, depending on the last digits in the amount.
In non-cash settlements, rounding will not take place, as has been the case in Ukraine since 2018. The application of rounding rules, according to the National Bank, will not have a noticeable impact on the inflation rate, because it concerns only the final amount of the check, and not the prices of individual goods.
