Monetary Reform In Ukraine

• Ukrainian Karbovanets were exchanged for Hryvnia at the rate of KBV 100,000 for 1 Hryvnia;
• The official English language abbreviation for the Hryvnia is UAH;
• The exchange lasted from 2 September through 16 September 1996 with both currencies circulating in parallel;
• Banknotes in the denominations of 1, 2, 5, 10, 20, 50, 100 Hryvnias and coins denominated 1, 2, 5, 10, 25, 50 Kopiykas have been introduced;
• As of 2 September foreign currency trading has only been allowed for Hryvnia;