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Proposal to Rename Ukraine's Currency Coin

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A new legislative proposal has been registered in the Ukrainian Parliament suggesting a change in the name of the currency coin. Information regarding this has been published on the official website of the Verkhovna Rada.
Among the initiators of Bill No. 14093 are the Chairman of the Verkhovna Rada Ruslan Stefanchuk and several others.
The term 'kopeck' has a 'hostile, post-Soviet, and Russian origin,' as stated in the explanatory note to the bill.
This name is still used only in countries considered adversaries of Ukraine – Russia, Belarus, and the so-called Transnistria, the authors note.
In Ukraine, since the times of the Hetmanate and during the Ukrainian Revolution, the term 'step' was used for small coins.
Therefore, the return of this name is justified by historical and linguistic traditions, the authors of the bill argue.
On April 18, 1918, the Central Rada issued currency stamps of 10, 20, 30, 40, and 50 steps, which were in circulation until March 1919 and were abolished by the Soviet government.

It is worth noting: In September 2024, the National Bank initiated a change in the name of currency coins from 'kopeck' to 'step' to restore historical justice.
In October 2024, the National Bank submitted a package of legislative proposals to the Verkhovna Rada regarding the name change of Ukraine's currency coins.
The transition from 'kopecks' to 'steps' will not require additional expenditures from the state budget, stated the Chairman of the National Bank Andriy Pyshny, who also announced that in October, the 10 kopeck coin would begin to be withdrawn from circulation.