CURRENCY IN UKRAINE
Ukraine money is called hryvna. There are 9 nominals of Ukrainian hryvna – the banknotes of 1, 2, 5, 10, 20, 50, 100, 200 and 500. The base coin is called kopiyka, it is one hundredth of a hryvna, 100 kopiykas is 1 hryvna. There are 6 nominals of kopiyka – 1, 2, 5, 10, 25 and 50. The additional kopiyka has a nominal of 1 hryvna. The theme of the banknotes is the portraits of important Ukrainian public figures from the Middle ages till XIX century.
Hryvna has a long history as it was a monetary unit of Kievan Rus'. The name «hryvna» is derived from the Sanskrit language and means «the back of the head». When the new currency was put into operation in independent Ukraine the name has got its new meaning and pronunciation.
Those who are planning Ukraine travel should know some peculiarities and rules of using Ukraine money. Natural persons were allowed to transfer the sum which is equivalent to € 10, 000 and come back with the sum of $10, 000. From the year 2008, July, 27 the Bank of Ukraine has removed the restrictions on the import and export of currency. It means that Ukrainian rules of import and export of foreign currency has become the same as in all developed countries. There are a lot of exchange offices where you can change foreign currency for Ukraine money but you should be very careful as some offices are not licensed and you can suffer loss. The rate of exchange also can be not favourable in some offices in order not to be swindled we advise you to get to know the rate of exchange. Now the course is the following 1 euro – 10, 2 hryvnas, 1$ is nearly 8 hryvnas. If it is not convenient for you to have cash with you, you can pay by credit card but it is not recommended to pay by card in places which don't inspire with confidence in order to avoid fraud. Hope these recommendations will make your Ukraine travel more secure and pleasant.