Ukrainian Hryvnia

The Ukrainian hryvnia, sometimes hryvnya or grivna, is the national currency of Ukraine. The hryvnia is subdivided into 100 kopiykas. It is named after a measure of weight used in medieval Kievan Rus'. The currency sign for the hryvnia is ₴, used as a symbol, and was introduced in 1996. There is currently no official ISO 4217 code for the hryvnia. The hryvnia was introduced on 2 September 1996, replacing the karbovanets at a rate of 1 hryvnia = 100,000 karbovanets. The karbovanets was an unstable currency, so the introduction of hryvnia was an attempt to stabilize the currency. The hryvnia was named after a weight measure used in medieval Kievan Rus'. The hryvnia was introduced in 1996 at a rate of 1 hryvnia = 100,000 karbovanets. The karbovanets was an unstable currency, so the introduction of hryvnia was an attempt to stabilize the currency. The hryvnia was named after a weight measure used in medieval Kievan Rus'. The hryvnia has been relatively stable since its introduction. Inflation has been low and the currency has been able to maintain its value. The hryvnia is used in all everyday transactions in Ukraine. The hryvnia is subdivided into 100 kopiykas. The kopiyka is a very small unit of currency, so prices are typically listed in hryvnias. For example, a cup of coffee might cost 10 hryvnias. The hryvnia is currently pegged to the US dollar at a rate of 1 hryvnia = $0.04. This peg has helped to stabilize the currency, but it has also made the hryvnia vulnerable to fluctuations in the value of the US dollar. The Ukrainian government is currently working on plans to introduce a new currency, the hryvnia 2.0. The new currency will be more stable and less vulnerable to fluctuations in the value of the US dollar. The hryvnia 2.0 is expected to be introduced in 2020.