The national currency of Ukraine is the hryvnia. Ukraine’s currency code is UAH, in Ukrainian its also abbreviated грн (hrn). Ukraine’s currency symbol is ₴. The hryvnia sign is a cursive Cyrillic letter г, which looks like a mirrored letter S, with a double horizontal stroke, symbolizing stability. The hryvnia sign has been used for the Ukrainian hryvnia currency since 2004.
The name of the currency of Ukraine comes from the word “hryvnia” (also called grivna), which in Kyivan Rus meant a decoration worn at the nape of the neck. At that time, the hryvnia was used as a unit of weight and counting when trading and paying tributes. The currency was used during different periods of Ukrainian history. In 1996, a currency reform introduced the hryvnia as Ukraine’s national currency.
The hryvnia is subdivided into 100 kopiyok. Today, there are coins of 1, 2, 5, 10, 25, 50 kopiyok, and 1, 2, 5, 10 hryvnias, though some of them are now withdrawn from general circulation.
There are banknotes of 1, 2, 5, 10, 20, 50, 100, 200, 500, and 1,000 hryvnias. Ukrainian banknotes, as well as some coins, depict people and architectural sites of historical importance. The National Bank of Ukraine produces all the banknotes and coins.
The design of the modern Ukrainian banknotes was developed by Ukrainian artists Borys Maksymov and Vasyl Lopata, the latter also created the designs of coins.