Money

Ukrainian Money

Brief History of the Hryvnia

The proclamation of Ukrainian independence on August 24, 1991 opened the way to introduction of the full-value national currency in Ukraine. The first specimen of Ukrainian national currency was manufactured in Canada in 1992, but was kept, under heavy guard in a secret warehouse, for several years.  

The Ukrainian Karbovanets was put into circulation in Ukraine in 1992 as the provisional currency. This very monetary unit became the victim of inflation, caused by the economic crisis of the transitional period.  

The Ukrainian President's Decree "On the Monetary Reform in Ukraine" was declared on August 25, 1996. The monetary reform in Ukraine was carried out on September 2 -16, by the National Bank of Ukraine, in accordance with the President's Decree. Karbovanets deposits of households were converted into Hryvnia deposits according to the exchange rate of 100,000 Karbovanets against 1 Hryvnia.  

Both Hryvnias and Karbovanets were used in cash circulation for 15 days: September 2-16, 1996, with a gradual withdrawal of the latter. The use of Karbovanets for all kind of payments was stopped after September 1996 and the Hryvnia became the only legal tender of payment within Ukraine.

 
500UAH

Bank Note - 500 Hryvnia (~ $65.00)
 
 
   
Circulation Coins - 1 Hryvnia = 100 Kopiyka

NEWS

Bionic Hill: Ukraine's 'Silicon Valley'
KIEV, Ukraine -- Bionic Hill Innovation Park is a hi-tech park being developed as a ‘live, work, learn, and play’ community.

Kiev, Ukraine - Your Ultimate Travel Destination
Have you been recently thinking about going overseas and discovering the beauty of European cities? Have you been debating with yourself whether to go to Venice, Paris, London or maybe... to Kiev, Ukraine?

WELCOME TO KIEV UKRAINE CITY GUIDE!

    
  

Kiev (Kyiv) is one of the more beautiful cities in Europe. Founded 1500 years ago, Kiev is the bustling capital of newly independent Ukraine.

This city, with a population of 3 million people, is distinguished for its rich architecture and cultural life. 

A visitor to Kiev cannot help but to notice its women. The ladies of Kiev, at AnastasiaDate, are some of the most beautiful, friendly, sexy women on the planet. Click on one of the above banners.  Click here to See Kiev City Slide Presentation 

Home     About     Contacts     Sitemap    



Copyright © 2004-2014 Kiev Ukraine Info.