The Ukrainian hryvnia was recently recognized as the most beautiful currency. In addition, such banknotes are among the strongest. The very word that is named The Ukrainian currency, has a long history. In ancient Rus, the hryvnia was silver or gold jewelry or ingots, which were used as a means of circulation. At a later time, the so-called three- or ten-kopecks coins were called. The latter were made of silver.
The first attempt to restore the hryvnia occurred for a short time of independence of the Ukrainian Republic - 1917-1918. However, this financial project collapsed after the Bolsheviks seized the country. On the territory of Ukraine began to use the Sovznak, and then - chervontsy and rubles.
After the USSR collapsed, the governments of the national republics became Gradually get rid of Soviet money. In the winter of 1992, Ukrainians began to use a new currency - coupons or, as they were also called, Carpathians. All these banknotes are the same in size. The purchasing power of one coupon was very small. In addition, this Ukrainian currency was constantly subjected to a serious devaluation. Coupon-karbovantsy had a very low level of protection and quickly wiped. For these several reasons, there was a need for a new currency. The monetary reform of 1996 led to the appearance of the hryvnia. For one unit of the new currency, one hundred thousand coupon-karbovans were accepted. The monetary reform was non-confiscational, premeditated. Its conduct was civilized and stimulated public confidence in the new currency. On the first day of the reform, prices, tariffs and wages were transferred to hryvnia. It was held exactly two weeks, until mid-September 1996, and with the maximum comfort for the population. Initially, the dollar to the hryvnia rate was 1: 1.76.
The Ukrainian currency gradually devalued most of its history. The hryvnia already in 1998 fell to 3.46 for one dollar. In 2003, the ratio of American and Ukrainian currencies were already 1: 5,33. However, there were bright times for the hryvnia. Under President Yushchenko, the policy of the government and the National Bank was to stabilize the Ukrainian currency. For a long time, the dollar rate to the hryvnia kept at the level of 1: 5.05. Even there was a short period of revaluation of the national currency. In the summer of 2008, one dollar was worth 4.6 UAH. But on this bright days for the hryvnia ended. In the winter of the same year, the dollar was sold at a price of 6.74 UAH. Now the ratio of the American currency and the hryvnia, established by the National Bank, stably holds at around 1: 7.99. However, according to a number of forecasts, the reduction of the gold reserve of Ukraine will negatively affect the exchange rate of its currency. Perhaps, at the end of this year, the dollar will cost 9 UAH. The rate of the Ukrainian currency to the ruble is 1: 4.04 today. Its possible devaluation this year may affect the ratio to Russian money.
Now the Banknote and Mint of Ukraine is considered one of the best in the whole world. The National Bank in the nineties created a modern and unique material and technical base for the production of money. Banknote paper, from which the Ukrainian currency is made, is made by the Malinsky factory.