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Money In Ukraine

Currency And Exchange Rate
The Ukrainian national currency is Hryvnia (UAH). Hryvnia is in circulation since September 2, 1996, and replaced the previous temporary currency - kupono-karbovanets (coupons). The word Hryvnia comes from the Kievan Rus times (approx. XI century), and means a silver ingot of 160 - 200g. Nowadays Hryvnias are banknotes (1, 2, 5, 10, 20, 50, 100, 200, 500 hrn) or coins (1 hrn).

One hryvna = 100 kopecks.

You can see the current official exchange rate of Ukrainian National Bank here: finance.com.ua finance.com.ua
 
Cash Exchange

Money can be exchanged at banks, exchange desks at hotels, shops or licensed exchange windows. Passport is not required for exchange operations. Exchange rate might differ from the official NBU rate.

USD and EURO are the most popular currencies in exchange booths. Other currencies are more difficult to exchange and have lower rates due to minor circulation in Ukraine.

 
Payment Cards And Travelers' Checks
VISA, MasterCard / EuroCard are accepted widely in major hotels, restaurants, casinos and stores. Owners of American Express, Dinners may experience problems when using their cards even in regional centers and Ukraine capital.

Credit cards can be cached in ATMs. Most of Ukrainian ATMs provide the local currency only. Traveler's checks and credit cards can be cashed less out of a bank fee (which is 1-4% of the amount) at the majority of banks.

Most popular in Ukraine Travelers checks are Thomas Cook and Visa, but be aware - the traveler checks are NOT ACCEPTED for payments in Ukraine. You would need to visit a bank first and cash the check there. The procedure is quite time-consuming in general. Checks are accepted from check owners only. You will be asked to present a receipt of check's purchase and your passport.

 
 
Currency 
References:

Dear Ukraine Tours:

I was so pleased when I used you in 2003 that I decided to take advantage of your help again this year. Once again, you surpassed yourselves.

Previously, I took advantage of “The Best of the Ukraine”. This time, I picked out the places (Uzhhorod, Lviv, Chernivtsi, Ivano-Frankovsk, and of course Kiev) that I wanted to visit. Irina and I corresponded for nearly two months. The emails added up to c 50 A4 pages!

Picking out the hotels was easy. Arranging train connections proved to be more challenging. Irina outdid herself when she arranged a ticket to Chisinau, Moldova which was my next stop.

The Ukraine was my lynchpin for my seven weeks of holiday. If Ukraine Tours did not fulfil what I expected them to do, I would have had to start planning again.

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James E. Storms NORWAY September 2007 http://www.geocities.com/smandy2007/index.html

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