Hryvnia - Ukraine's currency. In the past - the monetary unit of Kievan Rus. Hryvnia is divided into 100 copecks. Currency code according to ISO 4217 - UAH, digital code - 980.
The name comes from Kievan Rus, in the XI century was used hryvnia.
Hryvnia is a weight, monetary-weight and monetary-count unit of ancient Russia and other Slavic lands. In Central and Northern Europe it was called the "mark". The name "hryvnia" is derived from an ornament of gold or silver in the form of a hoop, which was worn around the neck. Then the word has acquired a new meaning – it corresponded to a certain amount (weight) of precious metal (silver hryvnia – monetary-weight unit). Though this amount of silver could be composed of the number of similar coins there appeared the counting to pieces. Hryvnia, which consisted of the certain number of coins, was called hryvnia kun (monetary-count unit).
In Kievan Rus from the XI century were used Kiev hryvnia of hexagonal shape, weighing about 140-160 g, served as the unit of payment and means of accumulation until the Mongol-Tatar invasion. The highest value in the monetary count in Russia belonged to Novgorod hryvnia, known first on the north-western Russian lands, and in the middle of XIII - throughout the ancient state. They corresponded the long silver rods weighing approx. 204 gram.
In the XIII century, alongside with the name "hryvnia", Novgorod ingots of silver were called "ruble", the name which gradually replaced hryvnia. Rubles were part of hryvnia or pieces of silver with notches, means their weight. Each hryvnia was divided into four parts; the very name ruble derived from the word "rubit" (hack), because the rod of silver in hryvnia weight was split into four parts, which were called rubles.
Ukrainian hryvnia was introduced into circulation in 1918, then September 2, 1996. Prior to that, from November 1990 on the territory of the Ukraine, in addition to the Soviet rubles, were used the so-called one-time cut-off coupons (printed on A4 sheets with both water signs, and without them). On January 10, 1992 the temporary Ukrainian banknotes were issued, named coupon and denominated in rubles (Ukr Karbovanets). Officially they were called Karbovanets; there was also the name Kupono-Karbovanets.
September 2, 1996 began the exchange of Kupono-Karbovanets into hryvnia at a ratio of 100 000 Karbovanets = 1 UAH. The procedure of the exchange lasted until 1998.
The symbol of hryvnia is a handwritten version of the Cyrillic letter "Г" with two horizontal features that symbolize stability, as in the signs of other currencies, such as ¥ or €. The sign of hryvnia ₴ was presented on March 1, 2004. The design of the symbol was chosen in the competition held by the National Bank of Ukraine in 2003. The sign received a code U+20 B4 in Unicode version 4.1, published in 2005.
September 2, 1996 National Bank of Ukraine in accordance with Presidential Decree introduced the banknotes par value 1, 2, 5, 10, 20, 50 and 100 hryvnia. August 22, 2001 was introduced the banknote par value 200 hryvnia. September 15, 2006 was introduced the banknote par value 500 hryvnia.
The first coins were minted in 1992, but were introduced in 1996. For the numismatic collections are issued memorial and commemorative coins par value 2, 5, 10, 20, 50, 100, 125, 200, 250 hryvnia.