Welcome to the final episode of our 4-part series on the currencies of Ukraine and Israel. In Episode 1, the focus was on the respective histories of the currencies of these two states. In Episodes 2 and 3, we focused on eight prominent Jews born in Ukraine who were depicted on Israel’s currency. In this 4th and final episode in the series, we will focus on the currency of Ukraine. By 1994, less than three years after the break-up of the USSR, Ukraine had its own facility producing paper money of international-standard quality, security level and design. As we learned in Episode one, however, its establishment faced many challenges and obstacles. The establishment of a mint that produced coins took even longer, and followed an even more convoluted path. The first Ukrainian coins were made available in 1995. They were commemorative, or collectible, coins. A year later, general circulation coins were released. This coincided with Ukrainian monetary reform in 1996, when the karbovanets was dropped in favor of the new hryvnia. These early coins were produced at a temporary facility, a converted factory in Luhansk. They were the first coins minted on Ukrainian soil in over 300 years. Meanwhile, plans […]
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