UAH 1 | Bank Note | One Hryvnia | Kae Kae | CurrencyStackerKK | Ukraine | Eastern Europe

1 Ukraine Hryvnia

A currency called Hryvania 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 Kyivan Rus’ hryvna. The designer was Heorhiy Narbut. The hryvnia replaced the karbovanets during the period 2–16 September 1996, at a rate of 1 hryvnia to 100,000 karbovantsiv. The karbovanets was subject to hyperinflation in the early 1990s following the collapse of the USSR.

The hryvnia, hryvna, or sometimes gryvnya (/(hə)ˈrɪvniə/ (hə-)RIV-nee-ə; Ukrainian: гривня [ˈɦrɪu̯nʲɐ] (audio speaker iconlisten), abbr.: грн hrn; sign: ₴; code: UAH), has been the national currency of Ukraine since 2 September 1996. The hryvnia is subdivided into 100 kopiyok. It is named after a measure of weight used in medieval Kyivan Rus’. The currency of Kyivan Rus’ in the eleventh century was called grivna. The word is thought to derive from the Slavic griva; c.f. Ukrainian, Russian, Bulgarian, and Serbo-Croatian грива / griva, meaning “mane”.

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