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5 Hryven Currency Reform
| Issuer | National Bank of Ukraine |
|---|---|
| Year | 2006 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Hryvnia (1996-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ П`ЯТЬ ГРИВЕНЬ 2006 |
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| Reverse script | Cyrillic |
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| Additional information |
Ukraine's 1996 currency reform replaced the karbovanets — a temporary currency introduced after independence that had been consumed by inflation reaching into the tens of thousands of percent annually. The hryvnia was introduced at a rate of 100,000 karbovantsiv to one hryvnia. This commemorative 2006 issue marks the tenth anniversary of that stabilization, struck at a moment when the hryvnia itself was under renewed pressure following the economic turbulence of the 2004 Orange Revolution transition.