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Grivna - the New Official Currency of Ukraine

Grivna was introduced on September 2, 1996 right after the celebration of Ukrainie Independence Day. It replaced the old "Coupon" (or "Karbovanets") which was a temporary bill in Ukraine for the period it was leaving the rouble zone. Old coupons were changed at fixed rate 100,000 coupons for 1 Hryvnia since September 15 and now it is the only legal tender in Ukraine.

There are bills for 1, 2, 5, 10, 20, 50 and 100 Grivnas.

There are also coins called "kopiyka" for 1, 5, 10, 25, and 50 kopiykas. (1 kopiyka is equal to 1/100 of Grivna.)

Bills of 1, 2, 5, 10 and 20 Grivnas marked with year 1992 where designed and printed in Canada. Bills of 1 Grivna (alternative design), 50 and 100 Grivnas were designed and printed already in Ukraine in 1994.

Grivna can be freely converted to hard currency in any authorised bank or exchange point.

During the last period it proved to be a stable and reliable currency.

There are several protection layers in Hryvnia bills. In addition bills of 50 and 100 Hryvnias and partially 1 Grivna (alternative design) have additional protection levels to ensure their safety.

In August 1997 the National Bank of Ukraine announced that starting from September 1, 1997 the new design of 2, 5, 10 and 20 Grivna bills will be released to increase their protection from falsification. New bills will slowly replace old ones while those will still be valid.