Credit Dnipro Bank acted as a partner of the Open-Air Museum exhibition

03 September 2021

The National Bank of Ukraine, with the assistance of the President of Ukraine Volodymyr Zelensky, together with financial market participants organized an exhibition "Open-Air Hryvnia Museum". This exhibition is part of the celebration of the 30th anniversary of Ukraine's Independence and is dedicated to the 25th anniversary of the monetary reform, which marked the introduction of the national currency - the hryvnia. Credit Dnipro Bank acted as a partner of the exhibition and presented the stand "Banknote Design", which introduces visitors to those who developed the first design of the Ukrainian hryvnia, who created the design of modern banknotes, how long it takes to develop and approve a new banknote design and much more.

The exhibition is located in Kyiv on Kontraktova Square and will run from 2 to 30 September 2021. Admission is free and free.

On September 2, 2021, the exhibition was inaugurated by Kyrylo Shevchenko, Chairman of the National Bank, and Viktor Yushchenko, the third President of Ukraine (2005-2010), former Chairman of the National Bank (1993-2000).

"Exactly 25 years ago, on September 2, 1996, the modern national currency - the hryvnia - was born. For a quarter of a century now, the hryvnia has been not only a currency, a national currency, but also a symbol of our state. And for a quarter of a century the National Bank cares about the development, protection and stability of the hryvnia. We are constantly working on updating and modernizing the hryvnia. Today, the fourth generation of the national currency with the most modern protective elements is in circulation, moreover, with Ukrainian flax in the composition, - said Kyrylo Shevchenko. - On the birthday of the hryvnia, we want to give Ukrainians a story about it, show its birth, revival, modernity and innovation. Therefore, on the occasion of the anniversary of the hryvnia, we are opening the exhibition "Museum of the hryvnia in the open air" and invite everyone to visit our exhibition. "

The monetary reform lasted for two weeks, from September 2 to 16, 1996. During this period, coupon rubles were exchanged for a new currency - the hryvnia. On September 17, 1996, the hryvnia became the only legal tender throughout Ukraine. During these two weeks of 1996, the National Bank put into circulation hryvnia banknotes worth over UAH 3.1 billion.

Currently, the country has a total of UAH 594 billion in cash, including UAH 590 billion in banknotes (UAH 2.9 billion) and UAH 4 billion in coins (UAH 13.8 billion).

"In 1996, the National Bank took a firm stand - monetary reform should not be confiscatory. We argued and persuaded the then leadership and government that only non-confiscation reform would create citizens' confidence in the Ukrainian national currency and would not lead to rising inflation. We offered to announce in advance the exchange of coupon rubles for a new currency, to honestly and openly exchange people's wealth. Yes, fortunately, it happened. The reform was successful, all Ukrainians were able to freely exchange their savings. For people who did not have time to exchange coupon coins for two weeks, the National Bank exchanged them a year or two later. This created the foundation for further successful development of the national currency, "Viktor Yushchenko said.

The exhibition dedicated to the anniversary of the hryvnia was created by the team of the National Bank and financial market participants. It presents 18 interactive stands about the history of the hryvnia, the creation of modern Ukrainian currency, cash and non-cash hryvnia. The audio guide to the exhibition was recorded not by professional speakers, but by central bank specialists.

During the next month, the guides of the "Museum of Money" of the National Bank will conduct free tours and quests for visitors. Specialists of the National Bank and partners of the exhibition will talk about the design of banknotes and coins, about the protection of the hryvnia, about cash and non-cash hryvnia, will show what an ATM and a cash register look like from the inside. The exhibition will be interesting not only for adults but also for children. You can find out the schedule of excursions and quests on a special portal of the National Bank.

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