Ukrainian karbovanets
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| ISO 4217 Code | UAK |
| User(s) | Ukraine |
| Subunit | |
| 1/100 | kopiyka (копійка) |
| Plural | karbovantsi (nom. pl.), karbovantsiv (gen. pl.) |
| kopiyka (копійка) | kopiyky (nom. pl.), kopiyok (gen. pl.) |
| Coins | 1, 3, 5, 10, 25, 50 kopiyok, 1 karbovanets |
| Banknotes | 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000, 2000, 5000, 10 000, 20 000, 50 000, 100 000, 200 000, 500 000, 1 000 000 karbovantsiv |
| Central bank | National Bank of Ukraine |
| Website | www.bank.gov.ua |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The Karbovanets (Ukrainian: Карбованець, Karbovanets’, plural: karbovantsi) has been a distinct unit of currency in Ukraine during three separate periods. The name was also used in the Ukrainian language for the Soviet ruble.
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[edit] History
[edit] First karbovanets
During the short independence of the Ukrainian People's Republic between 1917 and 1920, Ukraine issued currency according to a system of 100 shahiv = 1 hryvnia, 2 hryven = 1 karbovanets. The karbovanets was equivalent to the Russian ruble.
[edit] Second karbovanets (1942-1945)
During the World War II Nazi occupation of Ukraine, banknotes denominated in karbovanets were introduced. The banknotes replaced the Soviet ruble at par and were in circulation between 1942 and 1945.
[edit] Third karbovanets (1991-1996)
Following Ukrainian independence in 1991, the Ukrainian karbovanets replaced the Soviet ruble at par in 1992, with the ISO 4217 code being UAK. The karbovanets suffered from very high inflation and was replaced by the hryvnia in 1996, at a rate of 100,000 karbovantsi = 1 hryvnia. When the hryvnia was introduced in 1996, a 15 day period was in effect from September 2-16, 1996, during which both the karbovanets and hryvnia were in circulation. The use of the karbovanets for all kinds of payments stopped completely after September 1996 and the only accepted currency after was the hryvnia.
 A 50 karbovanets banknote of the Ukrainian People's Republic. Ca. 1918. |
 A 5 karbovanets banknote from the time of the Nazi occupation of Ukraine during World War II. A 1942 issue, obverse. |
 A 100,000 karbovanets (featuring the statue of Volodymyr the Great, a grand prince of Kiev. A 1994 issue, obverse. |
[edit] See also
- Ukrainian hryvnia, the national currency of Ukraine since 1996
- Ukrainian shah, historical currency
- Economy of Ukraine
[edit] External links
- Chernoivanenko, Vitaliy. History of paper money in Ukraine (1917-1920) in Zerkalo Nedeli, September 22-28, 2001. Available in Russian and Ukrainian
- History of Ukrainian money in Zerkalo Nedeli, September 2-8, 2006. Available in Russian and Ukrainian
- History of Hryvnia on National Bank of Ukraine website
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