Ukrainian currency ‘Hryvnia’

1 Hryvnia

The Hryvnia, also spelled sometimes as Hryvna or Grivna, is a Ukrainian currency that was introduced by the National Bank of Ukraine (NBU) on September 2, 1996. Hryvnia replaced a temporary currency ‘Coupon’ (or ‘Karbovanets’), used in Ukraine right after the break-up of the Soviet Union.

1 Ukrainian Karbovanets

Karbovanets suffered a hyperinflation in 1996. I still remember paying for a bread loaf about 90,000 ‘Karbovantsiv’ (plural for ‘Karbovanets’). The Ukrainian Hryvnia replaced Karbovanets at a rate of 100,000 to 1 on 16 September 1996. Since then, Hryvnia has been the only acceptable currency in Ukraine. It is a relatively new currency, though the roots go back to Kievan Rus (9th – 13th centuries), with Kiev being the capital. In those days, Hryvnia was a silver ingot of 160-200 grams.

500 Hryvnias



Hryvnia’s sign is , and code is UAH.

There are bills for 1, 2, 5, 10, 20, 50, 100, 200, and 500 Hryvnias (plural for Hryvia).



1 kopiyka


There are coins called ‘kopiyka‘ for 1, 2, 5 10, 25, and 50 kopiykas. 1 kopiyka is equal to 1/100 of Hryvnia. Also there are 1, 2 and 5 Hryvnia coins as well as some commemorative collectible coins.



New Euro 2012 Ukrainian Coin

Recently, the National Bank of Ukraine has released a series of commemorative coins for UEFA EURO 2012. There are 12 coins in the series. Eleven coins in gold, silver and nickel silver have been officially put into circulation, and a coin with a face value of one hryvnia will be issued in early 2012 (source: “UEFA EURO 2012 gains new currency in Ukraine”, published: Friday 23 December 2011, 11.00 CET,

The exchange rate for Ukrainian Hryvnia (UAH) to 1 US Dollar (USD) initially was UAH 1.76 = USD 1.00.

Now it’s 8 UAH = 1 USD.

Categories: All Things Ukrainian | Tags: , , , , | 2 Comments

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2 thoughts on “Ukrainian currency ‘Hryvnia’

  1. Hi Galyna, is the Hryvnia worth anything to a collector or anyone interested in them? I may have one in my possession soon & want to sell it on. Any info would be appreciated, thanks. 🙂

    • It depends on how old is the Hryvnia that you will be trying to sell. If it’s a modern day Ukrainian currency, then I believe it is not of high value. But if it’s, let’s say, 1918 Hryvnia, I would definitely try to sell it to some collector.
      Thanks for an interesting question!

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