On 20 September 1918, the Central Rada proclaimed the issue of bank-notes of the State Treasure in denominations of 5, 10, 25, and 50 karbovanets, to be valid until 1 March 1924. On 6 April, the population of Kyiv first saw 25-karbovanets bank-notes, and 50 karbovanets bank-notes later appeared, but 5- and 10-karbovanets bank-notes were not released. Primarily this series of bank-notes was issued without designation of series and number. In subsequent issues, the series indicated the place of printing: AK (Kyiv) and AO (Odessa).