Ukrainian hryvnia
Encyclopedia
The hryvnia, sometimes hryvnya or grivna ; sign
: ₴, code
: (UAH), has been the national currency
of Ukraine
since September 2, 1996. The hryvnia is subdivided into 100 kopiyok. In medieval times
, it was a currency of Kievan Rus'
.
of Kievan Rus'
in the eleventh century was called grivna. The word is thought to derive from the Slavic
griva; c.f. Ukrainian
, Russian, Bulgarian
and Serbian
грива / griva, meaning "mane". It may have indicated something valuable worn around the neck, usually made of silver
or gold
; c.f. Bulgarian and Serbian grivna (гривна, "bracelet"). Later, the word was used to describe silver or gold ingots of a certain weight; c.f. Ukrainian
hryvenyk (гривеник), Russian grivennik (гривенник, "10-kopek piece"). Other smaller currency units were nogata (ногата, pelt of a large animal such as a bear
or а wolf), kuna (куна, pelt of a small animal such as a mink
or а sable
; c.f. Croatian kuna
). The smallest unit was veksha (векша, squirrel
pelt).
The modern Ukrainian hryvnia is sometimes transliterated
as hryvna, hrivna, gryvna or grivna, due to its Russian language
counterpart, гри́вна, pronounced grívna. However, the standard English name for the currency is hryvnia.
The National Bank of Ukraine
has recommended that a distinction be made between hryvnia and grívna in both historical and practical means.
plural of hryvnia is hryvni . This is also the genitive
singular of hryvnia, while the genitive
plural is hryven′ . In Ukrainian, the genitive singular form is used for numbers ending with 2, 3, or 4, as in dvi hryvni (дві гривні, "2 hryvni"), and the genitive plural is used for numbers ending with 5 to 9 and 0, for example sto hryven’ (сто гривень, "100 hryven’"); for numbers ending with 1 the nominative singular form is used, for example dvadtsiat' odna hryvnia (двадцять одна гривня, "21 hryvnia"). The singular for the subdivision is копійка (kopiyka), the nominative plural is копійки (kopiyky) and the genitive is копійок (kopiyok). All these rules also apply in Russian
.
The hryvnia sign is a cursive
Ukrainian letter
He
(г), with a double horizontal stroke, symbolizing stability, similar to that used in other currency symbols such as ¥ or €. The sign was encoded as U+20B4 in Unicode
4.1 and released in 2005. It is now supported by the latest computer systems. It is still rarely used in Ukraine; instead, the abbreviation "грн." is preferred.
A currency called hryvna was used in Kievan Rus'
. In 1917, after the Ukrainian National Republic declared independence from the Russian Empire
, the name of the new Ukrainian currency
became hryvnia, a revised version of the Kievan Rus' hryvna. The designer was Heorhiy Narbut
.
The hryvnia replaced the karbovanets
during the period September 2–16, 1996, at a rate of 1 hryvnia = 100,000 karbovantsiv. The karbovanets was subject to hyperinflation
in the early 1990s following the collapse of the USSR.
To a large extent, the introduction of hryvnia was secretive. Hryvnia was introduced according to President
's Decree dated August 26, 1996, published on August 29. During the transition period, September 2–16, both hryvnia and karbovanets were used in circulation, but merchants were required to give change only in hryvnias. All bank accounts were converted to hryvnia automatically. During the transition period, 97% of karbovanets were taken out of circulation, including 56% in the first 5 days of the currency reform. After September 16, 1996, the remaining karbovanets were allowed to be exchanged to hryvnias in banks.
The hryvnia was introduced during the period when Victor Yushchenko was the Chairman of National Bank of Ukraine
. However, the first banknotes issued bore the signature of the previous National Bank Chairman, Vadym Hetman
, who had resigned back in 1993. This was so because the first notes had been printed as early as 1992 by the Canadian Bank Note Company
, but it had been decided to delay their circulation until the hyperinflation
in Ukraine was brought under control.
Initially, the foreign exchange rate was UAH 1.76 = USD
1.00. Following the Asian financial crisis in 1998 the currency devaluated to UAH 5.6 = USD 1.00 in February 2000. Later, the exchange rate remained relatively stable at around 5.4 hryvnias for 1 US dollar and was fixed to 5.05 hryvnias for 1 US dollar from 21 April 2005 until 21 May 2008. In mid-October 2008 rapid devaluation began with the hryvnia dropping 38.4 % from UAH 4.85 for USD 1 on 23 September 2008 to UAH 7.88 for USD 1 on 19 December 2008. After a period of instability, a new peg of 8 hryvnias per US dollar was established, and remains to the current day.
. They were dated 1992 and were in denominations of 1, 2, 5, 10 and 20 hryven’. The design of the banknotes was developed by Ukrainian artists Vasyl Lopata and Borys Maksymov. One hryvnya banknotes were printed by the Canadian Bank Note Company
in 1992. Two, five and ten hryvnya banknotes were printed two years later. Until introduction into circulation the banknotes were kept in Canada.
Banknotes of the first series in denominations of 50 and 100 hryven' also existed but due to some reasons they were never introduced.
Also in 1996, the 1, 50, and 100 hryvnia notes of the second series were introduced, with 1 hryvnia dated 1994. The banknotes were designed and printed by British De La Rue
. Since the opening of the Mint of the National Bank of Ukraine in cooperation with De La Rue in March 1994 all banknotes have been printed in Ukraine.
Later, highest denominations were added. The 200 hryvnia notes of the second series were introduced in 2001, followed by the 500 hryvnia notes of the third series in 2006.
All hryvnia banknotes issued by the National Bank continue to be a legal tender
. As of 2008, the banknotes of early series can rarely be found in circulation. Also, despite the devaluing of the currency since its introduction, all kopeck coins remain in circulation, as well as all low-value hryvnia bills, including 1 hryvnia. As with the U.S. dollar, the 1 hryvnia bill is commonly used, and the 1 hryvnia coin is rarely seen.
exchange rate at moment of introduction UAH 1.76/USD 1.
In the period from 21 April 2005 through 21 October 2008 the exchange rate was pegged at around UAH 5/USD 1. In 2008 when global financial crisis hit, the hryvnia was devalued to about 8/USD 1. Because of known economic problem called impossible trinity
, having a fixed exchange rate and free movements of capital (i.e. cross-border lending) have undermined National Bank of Ukraine's ability to conduct independent monetary policy.
Exchange rates in Ukrainian cash currency exchangers USD/UAH EUR/UAH RUB/UAH
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...
: ₴, code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...
: (UAH), has been the national currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
of Ukraine
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
since September 2, 1996. The hryvnia is subdivided into 100 kopiyok. In medieval times
Middle Ages
The Middle Ages is a periodization of European history from the 5th century to the 15th century. The Middle Ages follows the fall of the Western Roman Empire in 476 and precedes the Early Modern Era. It is the middle period of a three-period division of Western history: Classic, Medieval and Modern...
, it was a currency of Kievan Rus'
Kievan Rus'
Kievan Rus was a medieval polity in Eastern Europe, from the late 9th to the mid 13th century, when it disintegrated under the pressure of the Mongol invasion of 1237–1240....
.
Etymology
The currencyCurrency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
of Kievan Rus'
Kievan Rus'
Kievan Rus was a medieval polity in Eastern Europe, from the late 9th to the mid 13th century, when it disintegrated under the pressure of the Mongol invasion of 1237–1240....
in the eleventh century was called grivna. The word is thought to derive from the Slavic
Slavic languages
The Slavic languages , a group of closely related languages of the Slavic peoples and a subgroup of Indo-European languages, have speakers in most of Eastern Europe, in much of the Balkans, in parts of Central Europe, and in the northern part of Asia.-Branches:Scholars traditionally divide Slavic...
griva; c.f. Ukrainian
Ukrainian language
Ukrainian is a language of the East Slavic subgroup of the Slavic languages. It is the official state language of Ukraine. Written Ukrainian uses a variant of the Cyrillic alphabet....
, Russian, Bulgarian
Bulgarian language
Bulgarian is an Indo-European language, a member of the Slavic linguistic group.Bulgarian, along with the closely related Macedonian language, demonstrates several linguistic characteristics that set it apart from all other Slavic languages such as the elimination of case declension, the...
and Serbian
Serbian language
Serbian is a form of Serbo-Croatian, a South Slavic language, spoken by Serbs in Serbia, Bosnia and Herzegovina, Montenegro, Croatia and neighbouring countries....
грива / griva, meaning "mane". It may have indicated something valuable worn around the neck, usually made of silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
or gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
; c.f. Bulgarian and Serbian grivna (гривна, "bracelet"). Later, the word was used to describe silver or gold ingots of a certain weight; c.f. Ukrainian
Ukrainian language
Ukrainian is a language of the East Slavic subgroup of the Slavic languages. It is the official state language of Ukraine. Written Ukrainian uses a variant of the Cyrillic alphabet....
hryvenyk (гривеник), Russian grivennik (гривенник, "10-kopek piece"). Other smaller currency units were nogata (ногата, pelt of a large animal such as a bear
Bear
Bears are mammals of the family Ursidae. Bears are classified as caniforms, or doglike carnivorans, with the pinnipeds being their closest living relatives. Although there are only eight living species of bear, they are widespread, appearing in a wide variety of habitats throughout the Northern...
or а wolf), kuna (куна, pelt of a small animal such as a mink
Mink
There are two living species referred to as "mink": the European Mink and the American Mink. The extinct Sea Mink is related to the American Mink, but was much larger. All three species are dark-colored, semi-aquatic, carnivorous mammals of the family Mustelidae, which also includes the weasels and...
or а sable
Sable
The sable is a species of marten which inhabits forest environments, primarily in Russia from the Ural Mountains throughout Siberia, in northern Mongolia and China and on Hokkaidō in Japan. Its range in the wild originally extended through European Russia to Poland and Scandinavia...
; c.f. Croatian kuna
Croatian kuna
The kuna is the currency of Croatia since 1994 . It is subdivided into 100 lipa. The kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Monetary Institute....
). The smallest unit was veksha (векша, squirrel
Squirrel
Squirrels belong to a large family of small or medium-sized rodents called the Sciuridae. The family includes tree squirrels, ground squirrels, chipmunks, marmots , flying squirrels, and prairie dogs. Squirrels are indigenous to the Americas, Eurasia, and Africa and have been introduced to Australia...
pelt).
The modern Ukrainian hryvnia is sometimes transliterated
Transliteration
Transliteration is a subset of the science of hermeneutics. It is a form of translation, and is the practice of converting a text from one script into another...
as hryvna, hrivna, gryvna or grivna, due to its Russian language
Russian language
Russian is a Slavic language used primarily in Russia, Belarus, Uzbekistan, Kazakhstan, Tajikistan and Kyrgyzstan. It is an unofficial but widely spoken language in Ukraine, Moldova, Latvia, Turkmenistan and Estonia and, to a lesser extent, the other countries that were once constituent republics...
counterpart, гри́вна, pronounced grívna. However, the standard English name for the currency is hryvnia.
The National Bank of Ukraine
National Bank of Ukraine
National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...
has recommended that a distinction be made between hryvnia and grívna in both historical and practical means.
Plural
The nominativeNominative case
The nominative case is one of the grammatical cases of a noun or other part of speech, which generally marks the subject of a verb or the predicate noun or predicate adjective, as opposed to its object or other verb arguments...
plural of hryvnia is hryvni . This is also the genitive
Genitive case
In grammar, genitive is the grammatical case that marks a noun as modifying another noun...
singular of hryvnia, while the genitive
Genitive case
In grammar, genitive is the grammatical case that marks a noun as modifying another noun...
plural is hryven′ . In Ukrainian, the genitive singular form is used for numbers ending with 2, 3, or 4, as in dvi hryvni (дві гривні, "2 hryvni"), and the genitive plural is used for numbers ending with 5 to 9 and 0, for example sto hryven’ (сто гривень, "100 hryven’"); for numbers ending with 1 the nominative singular form is used, for example dvadtsiat' odna hryvnia (двадцять одна гривня, "21 hryvnia"). The singular for the subdivision is копійка (kopiyka), the nominative plural is копійки (kopiyky) and the genitive is копійок (kopiyok). All these rules also apply in Russian
Russian language
Russian is a Slavic language used primarily in Russia, Belarus, Uzbekistan, Kazakhstan, Tajikistan and Kyrgyzstan. It is an unofficial but widely spoken language in Ukraine, Moldova, Latvia, Turkmenistan and Estonia and, to a lesser extent, the other countries that were once constituent republics...
.
Currency sign
The hryvnia sign is a cursive
Cursive
Cursive, also known as joined-up writing, joint writing, or running writing, is any style of handwriting in which the symbols of the language are written in a simplified and/or flowing manner, generally for the purpose of making writing easier or faster...
Ukrainian letter
Ukrainian alphabet
The Ukrainian alphabet is the set of letters used to write Ukrainian, the official language of Ukraine. It is one of the national variations of the Cyrillic script....
He
Ge (Cyrillic)
Ge is a letter of the Cyrillic alphabet. It is also known in some languages as He. In Unicode this letter is called "Ghe".It commonly represents the voiced velar plosive , like the pronunciation of ⟨g⟩ in "go"....
(г), with a double horizontal stroke, symbolizing stability, similar to that used in other currency symbols such as ¥ or €. The sign was encoded as U+20B4 in Unicode
Unicode
Unicode is a computing industry standard for the consistent encoding, representation and handling of text expressed in most of the world's writing systems...
4.1 and released in 2005. It is now supported by the latest computer systems. It is still rarely used in Ukraine; instead, the abbreviation "грн." is preferred.
History
Kievan Rus'
Kievan Rus was a medieval polity in Eastern Europe, from the late 9th to the mid 13th century, when it disintegrated under the pressure of the Mongol invasion of 1237–1240....
. In 1917, after the Ukrainian National Republic declared independence from the Russian Empire
Russian Empire
The Russian Empire was a state that existed from 1721 until the Russian Revolution of 1917. It was the successor to the Tsardom of Russia and the predecessor of the Soviet Union...
, the name of the new Ukrainian currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
became hryvnia, a revised version of the Kievan Rus' hryvna. The designer was Heorhiy Narbut
Heorhiy Narbut
Heorhiy Narbut was a Ukrainian painter. He is known for creating Ukrainian coats of arms, banknotes, postage stamps, charters, and his many illustrations in books and magazines. He is also known as Georgy Narbut and George Narbut...
.
The hryvnia replaced the karbovanets
Ukrainian karbovanets
The karbovanets has been a distinct unit of currency in Ukraine during three separate periods. The name is also used in the Ukrainian language for the Imperial ruble and the Soviet ruble, but not for the modern Russian ruble....
during the period September 2–16, 1996, at a rate of 1 hryvnia = 100,000 karbovantsiv. The karbovanets was subject to hyperinflation
Hyperinflation
In economics, hyperinflation is inflation that is very high or out of control. While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases...
in the early 1990s following the collapse of the USSR.
To a large extent, the introduction of hryvnia was secretive. Hryvnia was introduced according to President
President of Ukraine
Prior to the formation of the modern Ukrainian presidency, the previous Ukrainian head of state office was officially established in exile by Andriy Livytskyi. At first the de facto leader of nation was the president of the Central Rada at early years of the Ukrainian People's Republic, while the...
's Decree dated August 26, 1996, published on August 29. During the transition period, September 2–16, both hryvnia and karbovanets were used in circulation, but merchants were required to give change only in hryvnias. All bank accounts were converted to hryvnia automatically. During the transition period, 97% of karbovanets were taken out of circulation, including 56% in the first 5 days of the currency reform. After September 16, 1996, the remaining karbovanets were allowed to be exchanged to hryvnias in banks.
The hryvnia was introduced during the period when Victor Yushchenko was the Chairman of National Bank of Ukraine
National Bank of Ukraine
National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...
. However, the first banknotes issued bore the signature of the previous National Bank Chairman, Vadym Hetman
Vadym Hetman
Vadym Petrovych Hetman was a Ukrainian statesman and banker. He is credited with the creation of the central bank of the country, the National Bank of Ukraine....
, who had resigned back in 1993. This was so because the first notes had been printed as early as 1992 by the Canadian Bank Note Company
Canadian Bank Note Company
The Canadian Bank Note Company is a Canadian security printing company. It is probably best known for being one of two private companies holding contracts with the Bank of Canada to supply it with Canada's paper currency. The company's other clients include private businesses, national and...
, but it had been decided to delay their circulation until the hyperinflation
Hyperinflation
In economics, hyperinflation is inflation that is very high or out of control. While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases...
in Ukraine was brought under control.
Initially, the foreign exchange rate was UAH 1.76 = USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
1.00. Following the Asian financial crisis in 1998 the currency devaluated to UAH 5.6 = USD 1.00 in February 2000. Later, the exchange rate remained relatively stable at around 5.4 hryvnias for 1 US dollar and was fixed to 5.05 hryvnias for 1 US dollar from 21 April 2005 until 21 May 2008. In mid-October 2008 rapid devaluation began with the hryvnia dropping 38.4 % from UAH 4.85 for USD 1 on 23 September 2008 to UAH 7.88 for USD 1 on 19 December 2008. After a period of instability, a new peg of 8 hryvnias per US dollar was established, and remains to the current day.
Coins
Coins were first struck in 1992 for the new currency but were not introduced until 1996. The coins were initially produced by Luhansk Cartridge Factory., as well as by Italian Mint. In addition to those listed below which were released into circulation, 15 kopiyok coins were struck in both brass and aluminium.| Currently Circulating Coins http://www.bank.gov.ua/Engl/Bank_coin/Rozmin/rozmin.htm | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Date of first minting | ||||||
| Reverse | Obverse | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | ||
 |
1 kopiyka | 16 mm | 1.2 mm | 1.5 g | Stainless steel Stainless steel In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass.... |
Plain | Ukrainian Trident Coat of arms of Ukraine The state coat of arms of Ukraine or commonly the Tryzub is the national coat of arms of Ukraine, featuring the same colors found on the Ukrainian flag; a blue shield with yellow trident, called the tryzub... |
Value | 1992 | |
 |
2 kopiyky | 17.3 mm | 1.2 mm | 0.64 or 1.8 g | Aluminium Aluminium Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances.... (1992–1996) and stainless steel (2001-) |
|||||
 |
5 kopiyok | 24 mm | 1.5 mm | 4.3 g | Stainless steel | Reeded | ||||
 |
10 kopiyok | 16.3 mm | 1.25 mm | 1.7 g | Brass Brass Brass is an alloy of copper and zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties.In comparison, bronze is principally an alloy of copper and tin... (1992–1996) and aluminium bronze Aluminium bronze Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass... (2001-) |
Reeded | Ukrainian Trident | Value | 1992 | |
 |
25 kopiyok | 20.8 mm | 1.35 mm | 2.9 g | Reeded and plain sectors | |||||
 |
50 kopiyok | 23 mm | 1.55 mm | 4.2 g | ||||||
 |
1 hryvnia | 26 mm | 1.85 mm | 7.1 or 6.9 g | Inscription: "ОДНА ГРИВНЯ", minted year | |||||
Banknotes
In 1996, the first series of hryvnia banknotes was introduced into circulation by the National Bank of UkraineNational Bank of Ukraine
National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...
. They were dated 1992 and were in denominations of 1, 2, 5, 10 and 20 hryven’. The design of the banknotes was developed by Ukrainian artists Vasyl Lopata and Borys Maksymov. One hryvnya banknotes were printed by the Canadian Bank Note Company
Canadian Bank Note Company
The Canadian Bank Note Company is a Canadian security printing company. It is probably best known for being one of two private companies holding contracts with the Bank of Canada to supply it with Canada's paper currency. The company's other clients include private businesses, national and...
in 1992. Two, five and ten hryvnya banknotes were printed two years later. Until introduction into circulation the banknotes were kept in Canada.
Banknotes of the first series in denominations of 50 and 100 hryven' also existed but due to some reasons they were never introduced.
Also in 1996, the 1, 50, and 100 hryvnia notes of the second series were introduced, with 1 hryvnia dated 1994. The banknotes were designed and printed by British De La Rue
De La Rue
De La Rue plc is a British security printing, papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. It also has a factory on the Team Valley Trading Estate, Gateshead, and other facilities at Loughton, Essex and Bathford, Somerset...
. Since the opening of the Mint of the National Bank of Ukraine in cooperation with De La Rue in March 1994 all banknotes have been printed in Ukraine.
Later, highest denominations were added. The 200 hryvnia notes of the second series were introduced in 2001, followed by the 500 hryvnia notes of the third series in 2006.
All hryvnia banknotes issued by the National Bank continue to be a legal tender
Legal tender
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries....
. As of 2008, the banknotes of early series can rarely be found in circulation. Also, despite the devaluing of the currency since its introduction, all kopeck coins remain in circulation, as well as all low-value hryvnia bills, including 1 hryvnia. As with the U.S. dollar, the 1 hryvnia bill is commonly used, and the 1 hryvnia coin is rarely seen.
| First Series http://www.bank.gov.ua/Engl/Bank_coin/Banknoty/banknoty.htm | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions | Main Colour | Description | Date of | |||
| Obverse | Reverse | Obverse | Reverse | first printing | issue | |||
 |
 |
1 hryvnia | 135 х 70 mm | Dark green | Vladimir I of Kiev Vladimir I of Kiev Vladimir Sviatoslavich the Great Old East Slavic: Володимѣръ Свѧтославичь Old Norse as Valdamarr Sveinaldsson, , Vladimir, , Volodymyr, was a grand prince of Kiev, ruler of Kievan Rus' in .Vladimir's father was the prince Sviatoslav of the Rurik dynasty... |
Ruins of Chersonesos | 1992 | September 2, 1996 |
-donatedoy_f.jpg) |
-donatedoy_b.jpg) |
2 hryvni | Brown | Yaroslav the Wise | Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev is an outstanding architectural monument of Kievan Rus'. Today, it is one of the city's best known landmarks and the first Ukrainian patrimony to be inscribed on the World Heritage List along with the Kiev Cave Monastery complex... |
|||
 |
 |
5 hryven' | Dark blue | Bohdan Khmelnytsky Bohdan Khmelnytsky Bohdan Zynoviy Mykhailovych Khmelnytsky was a hetman of the Zaporozhian Cossack Hetmanate of Polish–Lithuanian Commonwealth . He led an uprising against the Commonwealth and its magnates which resulted in the creation of a Cossack state... |
A church in the village of Subotiv Subotiv Subotiv is a village in central Ukraine. It is located in the Chyhyrynskyi Raion of the Cherkasy Oblast , near Chyhyryn city.... |
|||
-donatedoy_f.jpg) |
-donatedoy_b.jpg) |
10 hryven' | Violet | Ivan Mazepa Ivan Mazepa Ivan Stepanovych Mazepa , Cossack Hetman of the Hetmanate in Left-bank Ukraine, from 1687–1708. He was famous as a patron of the arts, and also played an important role in the Battle of Poltava where after learning of Peter I's intent to relieve him as acting Hetman of Ukraine and replace him... |
Kiev Pechersk Lavra Kiev Pechersk Lavra Kiev Pechersk Lavra or Kyiv Pechersk Lavra , also known as the Kiev Monastery of the Caves, is a historic Orthodox Christian monastery which gave its name to one of the city districts where it is located in Kiev, the capital of Ukraine.... |
|||
 |
-donatedoy_b.jpg) |
20 hryven' | Yellow and brown | Ivan Franko Ivan Franko Ivan Yakovych Franko was a Ukrainian poet, writer, social and literary critic, journalist, interpreter, economist, political activist, doctor of philosophy, the author of the first detective novels and modern poetry in the Ukrainian language.... |
Lviv Opera and Ballet Theater Lviv Opera and Ballet Theater The Lviv Theatre of Opera and Ballet is an opera house and theatre located in Lviv, Ukraine. The building was built between 1897 and 1900. The Lwów Opera was originally called the Grand Theatre until it was renamed in 1939 by the Soviet authorities.... |
|||
| Second Series http://www.bank.gov.ua/Engl/Bank_coin/Banknoty/banknoty.htm | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions | Main Colour | Description | Date of | |||
| Obverse | Reverse | Obverse | Reverse | first printing | issue | |||
 |
 |
1 hryvnia | 133 × 66 mm | Green and brown | Vladimir I of Kiev Vladimir I of Kiev Vladimir Sviatoslavich the Great Old East Slavic: Володимѣръ Свѧтославичь Old Norse as Valdamarr Sveinaldsson, , Vladimir, , Volodymyr, was a grand prince of Kiev, ruler of Kievan Rus' in .Vladimir's father was the prince Sviatoslav of the Rurik dynasty... |
Ruins of Chersonesos | 1994 | September 2, 1996 |
 |
 |
2 hryvni | Brown | Yaroslav the Wise | The Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev is an outstanding architectural monument of Kievan Rus'. Today, it is one of the city's best known landmarks and the first Ukrainian patrimony to be inscribed on the World Heritage List along with the Kiev Cave Monastery complex... |
1995 | September 1, 1997 | |
 |
 |
5 hryven' | Blue | Bohdan Khmelnytsky Bohdan Khmelnytsky Bohdan Zynoviy Mykhailovych Khmelnytsky was a hetman of the Zaporozhian Cossack Hetmanate of Polish–Lithuanian Commonwealth . He led an uprising against the Commonwealth and its magnates which resulted in the creation of a Cossack state... |
A church in the selo (village) of Subotiv Subotiv Subotiv is a village in central Ukraine. It is located in the Chyhyrynskyi Raion of the Cherkasy Oblast , near Chyhyryn city.... . |
1994 | ||
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10 hryven' | Brown and yellow | Ivan Mazepa Ivan Mazepa Ivan Stepanovych Mazepa , Cossack Hetman of the Hetmanate in Left-bank Ukraine, from 1687–1708. He was famous as a patron of the arts, and also played an important role in the Battle of Poltava where after learning of Peter I's intent to relieve him as acting Hetman of Ukraine and replace him... |
The Holy Dormition Cathedral of the Kiev Pechersk Lavra Kiev Pechersk Lavra Kiev Pechersk Lavra or Kyiv Pechersk Lavra , also known as the Kiev Monastery of the Caves, is a historic Orthodox Christian monastery which gave its name to one of the city districts where it is located in Kiev, the capital of Ukraine.... |
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20 hryven' | Brown and green | Ivan Franko Ivan Franko Ivan Yakovych Franko was a Ukrainian poet, writer, social and literary critic, journalist, interpreter, economist, political activist, doctor of philosophy, the author of the first detective novels and modern poetry in the Ukrainian language.... |
The Lviv Lviv Lviv is a city in western Ukraine. The city is regarded as one of the main cultural centres of today's Ukraine and historically has also been a major Polish and Jewish cultural center, as Poles and Jews were the two main ethnicities of the city until the outbreak of World War II and the following... Opera Theater Lviv Opera and Ballet Theater The Lviv Theatre of Opera and Ballet is an opera house and theatre located in Lviv, Ukraine. The building was built between 1897 and 1900. The Lwów Opera was originally called the Grand Theatre until it was renamed in 1939 by the Soviet authorities.... |
1995 | ||
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50 hryven' | Yellow and violet | Mykhailo Hrushevsky Mykhailo Hrushevsky Mykhailo Serhiyovych Hrushevsky was a Ukrainian academician, politician, historian, and statesman, one of the most important figures of the Ukrainian national revival of the early 20th century... |
The building Verkhovna Rada building The Verkhovna Rada building is located in the center of the capital city of Ukraine Kiev, in the Pechersk Raion. It is the place where the Ukrainian parliament meets for all regular and ceremonial sessions... of the Verkhovna Rada Verkhovna Rada The Verkhovna Rada of Ukraine is Ukraine's parliament. The Verkhovna Rada is a unicameral parliament composed of 450 deputies, which is presided over by a chairman... |
Not indicated on the banknotes | September 2, 1996 | |
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100 hryven' | Rose and green | Taras Shevchenko Taras Shevchenko Taras Hryhorovych Shevchenko -Life:Born into a serf family of Hryhoriy Ivanovych Shevchenko and Kateryna Yakymivna Shevchenko in the village of Moryntsi, of Kiev Governorate of the Russian Empire Shevchenko was orphaned at the age of eleven... (old portrait) |
The Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev is an outstanding architectural monument of Kievan Rus'. Today, it is one of the city's best known landmarks and the first Ukrainian patrimony to be inscribed on the World Heritage List along with the Kiev Cave Monastery complex... |
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200 hryven' | Blue | Lesya Ukrainka Lesya Ukrainka Larysa Petrivna Kosach-Kvitka better known under her literary pseudonym Lesya Ukrainka , was one of Ukraine's best-known poets and writers and the foremost woman writer in Ukrainian literature. She also was a political, civil, and female activist.... |
The Entrance Tower of Lutsk Castle | August 22, 2001 | |||
| Third Series http://www.bank.gov.ua/Engl/Bank_coin/Banknoty/banknoty.htm | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions | Main Colour | Description | Date of | |||
| Obverse | Reverse | Obverse | Reverse | first printing | issue | |||
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1 hryvnia | 118 × 63 mm | Grey | Vladimir I of Kiev Vladimir I of Kiev Vladimir Sviatoslavich the Great Old East Slavic: Володимѣръ Свѧтославичь Old Norse as Valdamarr Sveinaldsson, , Vladimir, , Volodymyr, was a grand prince of Kiev, ruler of Kievan Rus' in .Vladimir's father was the prince Sviatoslav of the Rurik dynasty... |
The fortress wall of Vladimir I in Kiev Kiev Kiev or Kyiv is the capital and the largest city of Ukraine, located in the north central part of the country on the Dnieper River. The population as of the 2001 census was 2,611,300. However, higher numbers have been cited in the press.... |
2004 | December 1, 2004 |
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1 hryvnia | Yellow-blue | 2006 | May 22, 2006 | |||
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2 hryvni | Peach | Yaroslav the Wise | The Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev Saint Sophia Cathedral in Kiev is an outstanding architectural monument of Kievan Rus'. Today, it is one of the city's best known landmarks and the first Ukrainian patrimony to be inscribed on the World Heritage List along with the Kiev Cave Monastery complex... . |
2004 | September 28, 2004 | |
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5 hryven' | Blue | Bohdan Khmelnytsky Bohdan Khmelnytsky Bohdan Zynoviy Mykhailovych Khmelnytsky was a hetman of the Zaporozhian Cossack Hetmanate of Polish–Lithuanian Commonwealth . He led an uprising against the Commonwealth and its magnates which resulted in the creation of a Cossack state... |
A church in the selo (village) of Subotiv Subotiv Subotiv is a village in central Ukraine. It is located in the Chyhyrynskyi Raion of the Cherkasy Oblast , near Chyhyryn city.... . |
June 14, 2004 | ||
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10 hryven' | 124 × 66 mm | Crimson | Ivan Mazepa Ivan Mazepa Ivan Stepanovych Mazepa , Cossack Hetman of the Hetmanate in Left-bank Ukraine, from 1687–1708. He was famous as a patron of the arts, and also played an important role in the Battle of Poltava where after learning of Peter I's intent to relieve him as acting Hetman of Ukraine and replace him... |
The Holy Dormition Cathedral of the Kiev Pechersk Lavra Kiev Pechersk Lavra Kiev Pechersk Lavra or Kyiv Pechersk Lavra , also known as the Kiev Monastery of the Caves, is a historic Orthodox Christian monastery which gave its name to one of the city districts where it is located in Kiev, the capital of Ukraine.... |
November 1, 2004 | |
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20 hryven' | 130 × 69 mm | Green | Ivan Franko Ivan Franko Ivan Yakovych Franko was a Ukrainian poet, writer, social and literary critic, journalist, interpreter, economist, political activist, doctor of philosophy, the author of the first detective novels and modern poetry in the Ukrainian language.... |
The Lviv Lviv Lviv is a city in western Ukraine. The city is regarded as one of the main cultural centres of today's Ukraine and historically has also been a major Polish and Jewish cultural center, as Poles and Jews were the two main ethnicities of the city until the outbreak of World War II and the following... Opera Theater Lviv Opera and Ballet Theater The Lviv Theatre of Opera and Ballet is an opera house and theatre located in Lviv, Ukraine. The building was built between 1897 and 1900. The Lwów Opera was originally called the Grand Theatre until it was renamed in 1939 by the Soviet authorities.... |
2003 | December 1, 2003 |
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50 hryven' | 136 × 72 mm | Violet | Mykhailo Hrushevsky Mykhailo Hrushevsky Mykhailo Serhiyovych Hrushevsky was a Ukrainian academician, politician, historian, and statesman, one of the most important figures of the Ukrainian national revival of the early 20th century... |
The building of the Tsentralna Rada Tsentralna Rada The Tsentralna Rada or Central Rada at first was the All-Ukrainian council that united political, public, cultural, professional organizations. Later after the All-Ukrainian National Congress that council became the revolutionary parliament of Ukraine... |
2004 | March 29, 2004 |
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100 hryven' | 142 × 75mm | Olive | Taras Shevchenko Taras Shevchenko Taras Hryhorovych Shevchenko -Life:Born into a serf family of Hryhoriy Ivanovych Shevchenko and Kateryna Yakymivna Shevchenko in the village of Moryntsi, of Kiev Governorate of the Russian Empire Shevchenko was orphaned at the age of eleven... (young portrait) |
The Chernecha landscape near Cherkasy Cherkasy Cherkasy or Cherkassy , is a city in central Ukraine. It is the capital of the Cherkasy Oblast , as well as the administrative center of the surrounding Cherkasky Raion within the oblast... and the figures of a kobzar Kobzar A Kobzar was an itinerant Ukrainian bard who sang to his own accompaniment.-Tradition:Kobzars were often blind, and became predominantly so by the 1800s... and a guide boy |
2005 | February 20, 2006 |
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200 hryven' | 148 × 75mm | Pink | Lesya Ukrainka Lesya Ukrainka Larysa Petrivna Kosach-Kvitka better known under her literary pseudonym Lesya Ukrainka , was one of Ukraine's best-known poets and writers and the foremost woman writer in Ukrainian literature. She also was a political, civil, and female activist.... |
The Entrance Tower of Lutsk Castle | 2007 | May 28, 2007 |
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500 hryven' | 154 × 75mm | Brown | Hryhoriy Skovoroda | The building of Kyiv Mohyla Academy | 2006 | September 15, 2006 |
Exchange rates
Official NBUNational Bank of Ukraine
National Bank of Ukraine is the central bank of Ukraine. Its headquarters building, constructed between 1902 and 1934, is located at no. 9 Institutska St., in Kiev-History:...
exchange rate at moment of introduction UAH 1.76/USD 1.
In the period from 21 April 2005 through 21 October 2008 the exchange rate was pegged at around UAH 5/USD 1. In 2008 when global financial crisis hit, the hryvnia was devalued to about 8/USD 1. Because of known economic problem called impossible trinity
Impossible trinity
The Impossible Trinity is a trilemma in international economics suggesting it is impossible to have all three of the following at the same time:...
, having a fixed exchange rate and free movements of capital (i.e. cross-border lending) have undermined National Bank of Ukraine's ability to conduct independent monetary policy.
Exchange rates in Ukrainian cash currency exchangers USD/UAH EUR/UAH RUB/UAH
See also
- Economy of UkraineEconomy of UkraineThe economy of Ukraine is an emerging free market, with a gross domestic product that fell sharply for the first 10 years of its independence from the Soviet Union and then experienced rapid growth from 2000 until 2008...
- List of commemorative coins of Ukraine
- Grzywna (unit)Grzywna (unit)The grzywna was a measure of weight, mainly for gold and silver, commonly used throughout medieval central Europe, in particular Poland, Bohemia and the Rus lands. Grzywna was also a unit of measure of a unit of exchange, and as such used as money. There were several different grzywnas such as the...
External links
- History of Hryvnia
- National Bank of Ukraine announcement of Hryvnia Sign
- Proposed symbols for hryvnia during design competition
- Pictures of hryvnia bills introduced in 1997
- The first Ukrainian Money (1917-1922) Odessa Numismatics Museum
- Ukraine monetary reform. Numismatics
- Ukrainian hryvnia coins catalog information
- Actual Ukrainian hryvnia exchange rates