Coins_of_the_Ukrainian_hryvnia

Coins of the Ukrainian hryvnia

Coins of the Ukrainian hryvnia

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Coins of the Ukrainian hryvnia were first minted in 1992. Coins were first struck in 1992 for the new currency but were not introduced until September 1996. Initially, coins valued between 1 and 50 kopiyok were issued. In March 1997, 1 hryvnia coins were added; they are however rarely seen in circulation. The note of the same value is far more commonly used. Since 2004 several commemorative 1 hryvnia coins have been struck. New coins have been produced annually since then and they make up a valuable aspect of the Ukrainian currency system. Today, circulating coins exist in denominations of 1 kopiyka (i.e. or ₴0.01), 2, 5, (all demonetised in 2019) 10, 25 (also demonetised) and 50 kopiyok, ₴1, ₴2, ₴5 and ₴10. Also minted are bullion (including gold, silver and platinum) and commemorative coins. All of these are produced by the National Bank of Ukraine.

Coins of Ukraine in circulation.

In October 2012, the National Bank of Ukraine announced that it is examining the possibility of withdrawing the 1 and 2 kopiyky-coins from circulation;[1] the withdrawal started on 1 October 2019. The coins had become too expensive to produce compared to their nominal value. In the same month, the Bank proposed the introduction of the 2 hryvnia coin;[2] this was finally issued as a circulation coin in April 2018.[3] While 5 and 10 hryvnia coins were issued in 2019 and 2020, respectively.

Production

Until 2001, most coins were struck by the Luhansk Cartridge Factory.[4] Also, in 1992, coins of 1, 5, 10 and 25 kopiyok were struck by the Italian mint.[5] Since 2001, all Ukrainian coins are struck at the mint of the National Bank of Ukraine.

All circulation coins have been designed by Vasyl Lopata (*1941).

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References

  1. [1]
    "The NBU plans to get rid of coins denominated in 1 and 2 kopiyky" (in Ukrainian). iPress.ua. 4 October 2012. Retrieved 10 January 2019.
  2. [2]
    "Національний банк України хоче випустити металеві 2 гривні".
  3. [3]
    "Small and circulation coins". National Bank of Ukraine. Retrieved 19 July 2019.
  4. [4]
    "How hryvnia was born". Archived from the original on 2008-10-08. Retrieved 2014-03-13. Podrobnosti.ua (in Russian)
  5. [5]
    National Bank of Ukraine. Available at: http://www.bank.gov.ua/control/uk/publish/article?art_id=40912&cat_id=40465 Archived 2015-12-22 at the Wayback Machine
  6. [6]
    National Bank of Ukraine. Available at:https://www.bank.gov.ua/control/uk/currentmoney/chcoin/list Archived 2012-03-01 at the Wayback Machine
  7. [7]
    "Національний банк презентував нові обігові монети". Bank.gov.ua. Retrieved 2018-04-07.
  8. [8]
    "NBU Streamlines Hryvnia Banknote and Coin Denominations". National Bank of Ukraine. 25 June 2019. Retrieved 17 July 2019.
  9. [9]
    "25-Kopiyka Coins and Old Series Hryvnia Banknotes to Cease Being Legal Ten-der from 1 October 2020". National Bank of Ukraine. 2 Sep 2020. Retrieved 19 October 2020.
  10. [10]
    "NBU to Withdraw 25-Kopiyka Coins and Hryvnia Banknotes 01 Designed before 2003 from Circulation, Effective 1 October 2020". National Bank of Ukraine. 30 Sep 2020. Retrieved 19 October 2020.
  11. [11]
    (in Ukrainian) NBU put into circulation a coin of 5 hryvnia denomination, Ekonomichna Pravda (17 January 2019)
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