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100 Hryven Currency Reform
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 2006 |
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| Shape | Round |
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|---|---|
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| Obverse lettering | НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ СТО ГРИВЕНЬ 2006 |
| Reverse description | The central design features a Kyiv-type silver hryvnia of the 11th–13th centuries set against a background of Ukrainian banknotes. To the right of the medieval coin, an abbreviated text of National Bank of Ukraine Order No. 71 of August 26, 1996, 'On Measures to Execute the Decree of the President of Ukraine of August 25, 1996, On the Currency Reform in Ukraine,' is inscribed in the field. Images of Ukrainian subsidiary coins are arranged along the lower portion of the design. The semicircular legend above reads 10 РОКІВ ВІДРОДЖЕННЯ ГРОШОВОЇ ОДИНИЦІ УКРАЇНИ (10 Years of the Revival of the Currency Unit of Ukraine), commemorating the first decade of the hryvnia. |
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| Additional information |
Issued to mark the tenth anniversary of Ukraine's 1996 currency reform, which replaced the karbovanets — a transitional currency that had itself replaced Soviet rubles amid catastrophic post-independence inflation reaching tens of thousands of percent annually. The karbovanets was never intended as permanent; it served as a buffer while the hryvnia was prepared, named in deliberate reference to a medieval Rus monetary unit to anchor the new state's identity in pre-Soviet history.
At one kilogram of .999 silver with a 100 mm diameter, this is among the more physically imposing commemorative issues in the National Bank's catalog. The denomination mirrors the face value of the note being commemorated.