KIEV, Nov. 29 - There are no reasons to issue 1,000 hryvnia banknotes in Ukraine, Deputy Director General of the Money Circulation Department of the National Bank of Ukraine Viktor Zaivenko said.

"The NBU has no such plans. And did not have [such plans]… The NBU is not working on issuing of 1,000 hryvnia banknotes and has not even designed them… The NBU thinks that the nominal range of banknotes as of today is sufficient for the economy," Zaivenko told reporters.