Ukrainian hryvnia

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Ukrainian hryvnia
українська гривня (Ukrainian)
Image:100-Hryvnia-Franko-front.jpg Image:1-hryvnia-Ukraine.JPG
100 hryven' (гривень) 1 hryvnia (гривня)
ISO 4217 Code UAH
User(s) Ukraine
Inflation 13.5%
Source The World Factbook, 2005 est.
Subunit
1/100 kopiyka (копійка)
Symbol
Plural hryvni (гривні, nom. pl., from 2 to 4), and hryven’ (гривень, gen. pl. above 5)
kopiyka (копійка) kopiyky (копійки, nom. pl., from 2 to 4), kopiyok (копійок, gen. pl. above 5)
Coins 1, 2, 5, 10, 25, 50 kopiyok, 1 hryvnia
Banknotes 1, 2, 5, 10, 20, 50, 100, 200, 500 hryven'
Central bank National Bank of Ukraine
Website www.bank.gov.ua

The hryvnia (sometimes hryvnya; Ukrainian: гривня; IPA: [hrĭv'nyä]) has been the national currency of Ukraine since September 2, 1996. It replaced the Ukrainian karbovanets at the exchange rate 1 hryvnia = 100,000 karbovanets. One hryvnia is divided into 100 kopiykas (singular копійка, ( genitive plural копійок (kopiyok)).

Contents

[edit] Plural

In Ukrainian, the nominative plural form is used for numbers ending with two, three, or four, as in dvi hryvni (дві гривні, 'two hryvnias'), and the genitive plural is used for numbers ending with five to nine, and zero, for example sto hryven’ (сто гривень, '100 hryvnias'). In English, the plural of hryvnia is hryvnias.

[edit] Name

Hryvnia is sometimes incorrectly transliterated as hryvna. The hryvnia was used as currency in Kievan Rus' in the 11th century. The word hryvnia is thought to derive from the Slavic griva; cf Russian and Bulgarian грива 'mane'. Hryvnia may have indicated something valuable worn around the neck, usually made of silver or gold; cf Bulgarian grivna (гривна , 'bracelet'). Later the word was used to describe silver or gold ingots of a certain weight; cf Russian grivennik (гривенник, '10-kopek piece'). Other smaller currency units were nogata (ногата, 'pelt of a large animal such as a bear or wolf', kuna (куна, 'pelt of a small animal such as a mink or sable; cf Croatian kuna). The smallest was veksha (векша, 'pelt of a squirrel').

The National Bank of Ukraine has recommended to make a distinction between hryvnia and hryvna in both historical and practical means. Linguistic research was cited as proof that hryvnia refers to medieval currency and hryvna to the woman's decoration of that time (as the Bulgarian grivna mentioned above).

[edit] Currency sign

The hryvnia sign is a cursive Ukrainian letter He, with a double horizontal stroke symbolizing stability. Hryvnia is abbreviated "грн." (hrn.) in Ukrainian. The hryvnia is represented by the ISO 4217 currency code UAH, or 980. The hryvnia sign [may not be rendered in all browsers] was designed and published without any consideration being made of its use in computers. As soon as it was discovered, a proposal to encode it was written; the National Bank of Ukraine did not make any attempt to address the situation. The HRYVNIA SIGN was encoded as U+20B4 in Unicode 4.1 released in 2005. The specific design of the hryvnia sign is a result of a public contest held by National Bank of Ukraine in 2003.

[edit] History

The hryvnia replaced the karbovanets, the currency Ukraine used after the breakup of the Soviet Union (karbovanets is equivalent to ruble in Ukrainian) during September 2-16, 1996. One hryvnia equaled 100,000 karbovanets. Initial exchange rate was UAH 1.76 = USD 1.00.

The hryvnia was introduced in the time Victor Yuschenko was the head of National Bank of Ukraine. The first banknotes issued have the signature of the previous National Bank head, Vadym Hetman, who resigned in 1993. This is because first notes were printed as early as 1992 by Canadian Bank Note Company and it was decided to delay using them due to hyperinflation that was in Ukraine after USSR's collapse.

[edit] Coins

Currently Circulating Coins [1]
Image Value Diameter Thickness Weight Composition Edge Obverse Reverse First Minted Year
Image:1-kopiyka-Ukraine.JPG 1 kopiyka 16 mm 1.2 mm 1.5 g Stainless steel Plain Value Ukrainian Trident 1992
Image:2-kopiyki-Ukraine.JPG 2 kopiyky 17.3 mm 1.2 mm 0.64 or 1.8 g Aluminium or stainless steel
Image:Ukraine-1992-Coin-0.05.jpg 5 kopiyok 24 mm 1.5 mm 4.3 g Stainless steel Grained
Image:10-kopiyok-Ukraine.JPG 10 kopiyok 16.3 mm 1.25 mm 1.7 g Brass or aluminium bronze Grained Value Ukrainian Trident 1992
Image:25-kopiyok-Ukraine.JPG 25 kopiyok 20.8 mm 1.35 mm 2.9 g With grained sectors
Image:50-kopiyok-Ukraine.JPG 50 kopiyok 23 mm 1.55 mm 4.2 g
Image:1-hryvnia-Ukraine.JPG 1 hryvnia 26 mm 1.85 mm 7.1 or 6.9 g Inscription: "ОДНА ГРИВНЯ", minted year
These images are to scale at 2.5 pixels per millimeter, a standard for world coins.

[edit] Banknotes

Newest series (2000s) [2]
Image Value Dimensions Color Obverse Reverse Printed Date
Image:1-Hryvnia-2006-front.jpg Image:1-Hryvnia-2006-back.jpg 1 hryvnia 118 x 63 mm Yellow-blue Portrait depicting duke Volodymyr the Great The fortress wall of Volodymyr in Kiev May 22, 2006
Image:2-Hryvnia-2004-front.gif Image:2-Hryvnia-2004-back.gif 2 hryvni Brown Portrait depicting duke Yaroslav the Wise The Saint Sophia Cathedral in Kiev. September 28, 2004
Image:5-Hryvnia-2004-front.jpg Image:5-Hryvnia-2004-back.jpg 5 hryven' Blue Portrait depicting hetman Bohdan Khmelnytsky A church in the selo (village) of Subotovy June 14, 2004
Image:10-Hryvnia-2005-front.jpg Image:10-Hryvnia-2005-back.jpg 10 hryven' 124 x 66 mm Crimson Portrait depicting het'man Ivan Mazepa The Holy Dormition Cathedral of the Kievo-Pecherska Lavra November 1, 2004
Image:20-Hryvnia-2003-front.jpg Image:20-Hryvnia-2003-back.jpg 20 hryven' 130 x 69 mm Green Portrait depicting poet Ivan Franko The Lviv Opera Theatre December 1, 2003
Image:Hrushevsky 50 hrn.JPG Image:50-Hryvnia-Hrushevsky-back.gif 50 hryven' 136 x 72 mm Violet Portrait depicting historian Mykhailo Hrushevsky The building of the Verkhovna Rada March 29, 2004
Image:100-Hryvnia-Franko-front.jpg Image:100-Hryvnia-Franko-back.jpg 100 hryven' 142 x 75mm Olive Portrait depicting poet Taras Shevchenko The Chernecha landscape near Cherkasy and the figures of a kobzar and a guide boy February 20, 2006
Image:200-Hryvnia-Ukrainka-front.gif Image:200-Hryvnia-Ukrainka-back.gif 200 hryven' 133 х 66mm Blue Portrait depicting poet Lesya Ukrainka The Entrance Tower of Lutsk Castle August 22, 2001
Image:500-Hryvnia-Skovoroda-front.jpg Image:500-Hryvnia-Skovoroda-back.jpg 500 hryven' 154 х 75mm Purple Portrait depicting philosopher Hryhoriy Skovoroda The building of Kyiv Mohyla Academy September 15, 2006
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes.
Image:Biatlon UA.jpg
A commemorative 1 hryvnia coin to biathlon of the 1998 Winter Olympics, held in Nagano, Japan.
Current UAH exchange rates
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[edit] External links


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