Ukrainian Hryvnia


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Ukrainian Hryvnia

The currency of the Ukraine. It was introduced in 1996, replacing the karbovanets following a period of hyperinflation in the latter. Since its introduction, it has been pegged to the U.S. dollar at various values.
References in periodicals archive ?
Dean, who is from Gwent, Wales, said: "We were met by an intimidating man who took 1,000 Ukrainian hryvnia (roughly [pounds sterling]28) from us and didn't speak a word of English.
The central bank, similar to other central banks, issued a warning stating that only the Ukrainian hryvnia can be used for payments and various business activities in the country and that the currency cannot be replaced with bitcoin.
The weak Ukrainian hryvnia reduced the company's production costs at its Mukacheve site in south-western Ukraine.
Banks scrambled to introduce the rouble as an official currency alongside the Ukrainian hryvnia, although the switch could take place at the end of the month after March pensions and salaries are cleared, banking sources said.
News of the fresh credit from Russia failed to cheer the currency market, where the troubled Ukrainian hryvnia fell by up to 1.6 percent against the dollar on Tuesday, Reuters trading system showed.
News of the fresh credit fromRussiafailed to cheer the currency market, where the troubled Ukrainian hryvnia fell by up to 1.6 per cent against the dollar on Tuesday, Reuters trading system showed.
It added that "based on our expectations of Russia's support" Standard and Poor's no longer expected a devaluation of the Ukrainian hryvnia.

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