UAHUkrainian HryvniaUkrainian Hryvnia (UAH)
The Ukrainian hryvnia is Ukraine's national currency and a modern monetary unit introduced after independence.
- ISO code
- UAH
- Symbol
- ₴
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- The National Bank of Ukraine is the issuer of hryvnia banknotes and coins and manages the national monetary and payment framework.
- Last reviewed
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Quick facts
UAH at a glance
Currency profile
How UAH works
The Ukrainian hryvnia is Ukraine's national currency and a modern monetary unit introduced after independence.
The National Bank of Ukraine is the issuer of hryvnia banknotes and coins and manages the national monetary and payment framework.
- UAH is divided into 100 kopiikas and uses a distinctive hryvnia symbol.
- The 1996 monetary reform replaced the temporary karbovanets at 100,000 karbovantsi for one hryvnia.
Context
Why this currency matters
UAH represents the establishment of an independent Ukrainian monetary system after a transitional coupon currency. Its 1996 reform, domestic production infrastructure and later movement toward greater exchange-rate flexibility are central to understanding modern Ukrainian financial records.
Monetary framework
Exchange arrangement
The National Bank of Ukraine is the issuer of hryvnia banknotes and coins and manages the national monetary and payment framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for UAH
Karbovanets became the transitional currency
Ukraine introduced reusable coupons and later made the karbovanets the sole temporary legal tender.
National Bank of Ukraine - history of the hryvniaHryvnia introduced
The monetary reform of September 2-16 introduced UAH and replaced 100,000 karbovantsi with one hryvnia.
National Bank of Ukraine - history of the hryvniaGreater exchange-rate flexibility adopted
The National Bank moved away from the previous tightly managed rate amid a broader monetary-policy transition.
National Bank of Ukraine - history of the hryvnia
Usage and economy
How UAH is used
- Prices, wages and payments in Ukraine.
- European trade and comparison with PLN, RON, EUR and USD.
Country currency guides
Banknotes and coins
UAH currency units
The National Bank of Ukraine documents current hryvnia banknote generations and their legal status.
The National Bank of Ukraine documents hryvnia and kopiika coins used in circulation.
One Ukrainian Hryvnia unit is recorded with 2 decimal places and uses Kopiyka as its minor unit.
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Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
UAH questions
What currency did UAH replace?
The hryvnia replaced the temporary Ukrainian karbovanets in the September 1996 monetary reform.
What was the 1996 hryvnia conversion rate?
One hryvnia replaced 100,000 karbovantsi during the reform period.
Who issues Ukrainian banknotes and coins?
The National Bank of Ukraine is the issuer and manages the full cash lifecycle.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.