The National Bank of Ukraine (NBU) has announced that it will begin the gradual withdrawal of 10-kopiika coins from circulation starting on October 1, 2025. This decision was made based on the declining practical use of the coin in everyday transactions. The NBU stated that the move is part of an ongoing effort to modernize the nation’s currency system and improve the efficiency of cash handling.
The 10-kopiika coin, which is one of the smallest denominations in Ukraine’s currency system, has seen a steady decline in usage over the years. Many businesses and consumers have shifted towards using higher denominations and electronic payment methods, reducing the need for smaller coins. The NBU’s decision reflects the broader trend of reducing reliance on physical currency in favor of digital alternatives.
The announcement was made in response to the growing challenges of managing smaller denominations in a cash-based economy. The NBU emphasized that this move is not a complete phase-out but rather a gradual transition, giving time for businesses and citizens to adjust. The bank also mentioned that the withdrawal of the 10-kopiika coin is part of a comprehensive strategy to streamline the country’s financial infrastructure and enhance the convenience of transactions for the public.