Coins of the Ukrainian hryvnia explained

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.

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).

Coins of the Ukrainian Hryvnia (1992–present)[6]
Image ValueTechnical parametersDescriptionDate of
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse minting issue withdrawal
1 kopiyka16. mm1.5 gStainless steelPlainValue,
Ornaments
Ukrainian Trident1992–20162 September 1996Not issued since 1 July 2018.[7] 1, 2, and 5-kopiyka coins withdrew from general circulation on 1 October 2019.[8]
2 kopiyky17.30 mm0.64 g (1992~1996)
1.8 g (2001–)
aluminium (1992–1996),
stainless steel (2001–)
1992–2014
5 kopiyok24 mm4.3 gstainless steelReeded1992–2015
10 kopiyok16.3 mm1.7 gbrass (1992–1996),
aluminium bronze (2001–)
ReededValue,
Ornaments
Ukrainian Trident1992~present2 September 1996Current
25 kopiyok20.8 mm2.9 gReeded and plain sectors1992–2016Not issued since 1 July 2018.[9] 25-kopiyka coin ceased to be legal tender in Ukraine and gone out of circulation, effective 1 October 2020.[10] [11]
50 kopiyok23 mm4.2 g1992~presentCurrent
1 hryvnia26 mm7.1 g (1995,1996)
6.9 g (2001–)
brass (1995,1996),
aluminium bronze (2001–)
Inscription: "ОДНА ГРИВНЯ", minted year1992~201812 March 1997Current (new design introduced in 2018)
1 hryvnia26 mm6.8 g (2004-2016)aluminium bronze (2004-2016)Plain with incuse lettering ("ОДНА · ГРИВНЯ · Date of issue")Inscription: Coat of arms of Ukraine; УКРАЇНА 1 ГРИВНЯ; date of issue inside a decorative wreathHalf length figure of Volodymyr the Great holding a model church and staff with legend above2004-20162004Current (new design introduced in 2018)
1 hryvnia18.9 mm3.3 gNickel-plated steelReededCoat of Arms
of Ukraine
,
Value,
Ornaments
Volodymyr the Great2018Current
2 hryvni20.2 mm4.0 gNickel-plated steelYaroslav the Wise
5 hryven22.1 mm5.2 gNickel-plated zinc Segmented (Plain and Reeded edges)Bohdan Khmelnytsky2019[12]
10 hryven23.5 mm6.4 gNickel-plated zinc ReededIvan Mazepa2020

External links

Notes and References

  1. News: The NBU plans to get rid of coins denominated in 1 and 2 kopiyky. 10 January 2019 . iPress.ua . 4 October 2012 . Ukrainian.
  2. Web site: Національний банк України хоче випустити металеві 2 гривні.
  3. Web site: Small and circulation coins . National Bank of Ukraine . 19 July 2019.
  4. Web site: How hryvnia was born. 2014-03-13. https://web.archive.org/web/20081008013156/http://www.podrobnosti.ua/economy/2006/09/04/344955.html. 2008-10-08. dead. Podrobnosti.ua
  5. National Bank of Ukraine. Available at: http://www.bank.gov.ua/control/uk/publish/article?art_id=40912&cat_id=40465
  6. National Bank of Ukraine. Available at:https://www.bank.gov.ua/control/uk/currentmoney/chcoin/list
  7. Web site: Національний банк презентував нові обігові монети. Bank.gov.ua. 2018-04-07.
  8. Web site: NBU Streamlines Hryvnia Banknote and Coin Denominations. 25 June 2019. National Bank of Ukraine. 17 July 2019.
  9. Web site: Національний банк презентував нові обігові монети. Bank.gov.ua. 2018-04-07.
  10. Web site: 25-Kopiyka Coins and Old Series Hryvnia Banknotes to Cease Being Legal Ten-der from 1 October 2020. 2 Sep 2020. National Bank of Ukraine. 19 October 2020.
  11. Web site: NBU to Withdraw 25-Kopiyka Coins and Hryvnia Banknotes 01 Designed before 2003 from Circulation, Effective 1 October 2020. 30 Sep 2020. National Bank of Ukraine. 19 October 2020.
  12. NBU put into circulation a coin of 5 hryvnia denomination, Ekonomichna Pravda (17 January 2019)