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<p>[QUOTE=&quot;scottishmoney, post: 1539637, member: 12789&quot;]Ukraine started having currency printed by Canadian Banknote, and then coins minted by Luhans&#039;k Cartridge factory beginning in 1992.&nbsp; The economic situation in Ukraine was not stable enough to release the permanent currency until 1996 which was why coins and banknotes are dated 1992 etc.&nbsp; The kuponyi were pretty unpopular, those were printed in France, but because the economy was in turmoil they lost value so that in the end 1000000 kuponyi notes were being issued and even they were not enough money.&nbsp; People&#039;s salaries of course did not nearly keep up and practically everybody I know was wiped out financially at least once during 1991-1996.&nbsp; </p><p><br /></p><p>When the hryvnia was released into circulation in 1996 it was at a rate of about 2 to an American dollar.&nbsp; Value slipped over time and by 2001 Hryvnia dipped to 5 to the dollar.&nbsp; In Fall of 2008 it took another precipitous dive with banking crisis worldwide and lack of confidence in some Ukrainian banks.&nbsp; It slipped from 5 to the dollar to more than 8 to the dollar in October.</p><p><br /></p><p>No wonder that people prefer to keep their larger sums of money in Dollars, Euros, or even Rubles.[/QUOTE]</p><p><br /></p>

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