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Ukraine uses the hryvnia, written ₴ and abbreviated UAH. One hryvnia equals 100 kopiyok. The National Bank of Ukraine (NBU) describes the current cash structure as six banknote denominations and six coin denominations: notes of 20, 50, 100, 200, 500 and 1,000 hryvnias, plus coins of 10 and 50 kopiyok and 1, 2, 5 and 10 hryvnias. Some older-looking banknotes remain valid; the small 1-, 2-, 5- and 25-kopiyok coins do not.
What currency does Ukraine use?
Ukraine’s domestic currency is the hryvnia. Its symbol is ₴, and its international currency code is UAH. A hryvnia is divided into 100 kopiyok (singular: kopiyka). Cash is issued as paper banknotes and metal coins, as set out in Articles 34–35 of the Law of Ukraine on the National Bank of Ukraine.
The NBU’s optimized cash structure comprises six banknote values and six coin values. That is a count of denominations, not a promise that every denomination will appear in every transaction: what people carry or receive as change can vary. The denomination list below is the practical starting point for identifying Ukrainian cash.
What are the denominations of Ukrainian money?
Ukrainian cash ranges from a 10-kopiyok coin to a 1,000-hryvnia banknote. The NBU’s denomination overview lists the following values.
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| Form | Face value | Status |
|---|---|---|
| Coin | 10 kopiyok | Current denomination |
| Coin | 50 kopiyok | Current denomination |
| Coin | 1 hryvnia | Current denomination |
| Coin | 2 hryvnias | Current denomination |
| Coin | 5 hryvnias | Current denomination |
| Coin | 10 hryvnias | Current denomination |
| Banknote | 20 hryvnias | Current denomination |
| Banknote | 50 hryvnias | Current denomination |
| Banknote | 100 hryvnias | Current denomination |
| Banknote | 200 hryvnias | Current denomination |
| Banknote | 500 hryvnias | Current denomination |
| Banknote | 1,000 hryvnias | Current denomination |
The NBU describes the six-and-six structure in its currency brochure. This list concerns denomination and form, not the precise design of a particular note or coin. Designs can change while the face value remains the same, so an older appearance alone is not a reliable test of whether cash can be spent.
How many kopiyok are in a hryvnia?
There are 100 kopiyok in one hryvnia. This makes small conversions straightforward: 50 kopiyok is half a hryvnia, and 10 kopiyok is one tenth of a hryvnia.
For example, 2 hryvnias and 50 kopiyok equals 2.50 hryvnias; 5 hryvnias and 10 kopiyok equals 5.10. A price written as 12.50 UAH represents 12 hryvnias plus 50 kopiyok. The relationship is decimal, but the two parts may appear as different physical cash forms: kopiyok denominations are coins, while the listed hryvnia denominations include both coins and banknotes.
When reading a cash amount, distinguish the number from its unit. A coin marked 50 is 50 kopiyok, not 50 hryvnias; a banknote marked 50 is 50 hryvnias. The denomination, form, and context together make the value clear.
Are old Ukrainian hryvnia banknotes still valid?
Yes. The NBU’s 2024 Annual Report says that old-style banknotes remain valid means of payment without restrictions while they are replaced by newer designs of the same denominations. The report says holders do not need to exchange those notes simply because their design is older.
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This distinction matters when a note looks unfamiliar or differs from a recently issued version. The NBU’s policy, as described in its report, is to replace older-design notes gradually, not to invalidate them automatically at the point a newer design appears. A note’s age or visual style therefore does not by itself mean a shop should treat it as withdrawn. The report’s statement concerns old-design notes that remain valid; it should not be generalized to every obsolete coin or every cash item someone may encounter.
The report’s wording is explicit: “Citizens can pay with old-style banknotes without restrictions, as these banknotes currently remain valid means of payment.” Read the NBU’s Annual Report 2024 for the source statement. Since the statement is grounded in that report, readers needing a decision about a specific note or a later policy change should check the NBU’s current guidance rather than infer a new rule from appearance alone.
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Which Ukrainian coins are no longer legal tender?
The 1-, 2-, 5- and 25-kopiyok coins are no longer legal tender. They should not be confused with the 10- and 50-kopiyok coins still included in the NBU’s current denomination structure.
The NBU’s 2024 Annual Report describes an exchange period for the withdrawn small coins that extends through the end of martial law and 90 days after it ends. Because that deadline depends on a changing circumstance, the report does not make it safe to treat a date calculated from old information as current. Anyone holding the obsolete coins should check the NBU’s latest instructions for whether an exchange window remains open and where exchanges are accepted.
Withdrawal is also distinct from ordinary circulation. A coin that was once valid may remain in someone’s drawer or collection after it has ceased to be legal tender. Its historical face value does not make it usable as current change. Conversely, this small-coin withdrawal should not be confused with older-looking hryvnia banknotes, which the same annual report says remain valid while being replaced.
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The NBU reports that 311.42 million coins of the old-design 1-, 2-, 5- and 25-kopiyok denominations and old-design 1-hryvnia coins were withdrawn between 1 October 2019 and 31 December 2024. That figure documents a withdrawal process; it is not a count of all coins ever issued, and it does not establish that every old-design 1-hryvnia coin has the same legal status as the obsolete kopiyok coins. The denomination 1 hryvnia remains in the NBU’s current list of coin values.
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Start with the face value and the unit: kopiyok values are fractional parts of a hryvnia, while coins marked 1, 2, 5 or 10 are hryvnia denominations. The metal, diameter and weight vary among hryvnia coins, but physical characteristics are supporting clues rather than a replacement for reading the denomination.
The NBU’s Banknotes and Coins of Ukraine 2024 reference gives these specifications for the current hryvnia coin issues:
| Face value | Diameter | Weight | Material described in the NBU reference |
|---|---|---|---|
| 1 hryvnia | 18.9 mm | 3.3 g | Low-carbon nickel-plated alloy |
| 2 hryvnias | 20.2 mm | 4.0 g | Low-carbon nickel-plated alloy |
| 5 hryvnias | 22.1 mm | 5.2 g | Zinc-based nickel-plated alloy |
| 10 hryvnias | 23.5 mm | 6.4 g | Zinc-based nickel-plated alloy |
These figures can help distinguish the four hryvnia coin sizes: the 10-hryvnia coin is the largest and heaviest in this set, and the 1-hryvnia coin is the smallest and lightest. The 2-hryvnia piece is larger and heavier than the 1-hryvnia piece, while the 5-hryvnia coin is larger and heavier than the 2-hryvnia coin. The NBU reference also documents edge details and other specifications; consult it when physical identification matters. The specifications do not replace checking the face value, especially when an older design is involved.
What does “current denomination” mean when designs change?
A denomination is the stated value—such as 100 hryvnias—not one unique visual design. The NBU can issue a newer design of a denomination while older notes of that value remain valid. That is why a list of current values and a list of designs being withdrawn answer different questions.
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For banknotes, the NBU’s 2024 report directly says old-style notes remain valid without restrictions during replacement. For coins, the same report distinguishes specific small denominations that are no longer legal tender and separately reports withdrawals of old-design 1-hryvnia coins. The available denomination overview nevertheless includes a 1-hryvnia coin as current. These statements should not be collapsed into a single rule that all older designs are invalid—or that every old coin is still spendable.
In practical terms, use three questions when evaluating an unfamiliar piece of cash:
- What is the face value and unit? Establish whether the item says a number of kopiyok or a number of hryvnias.
- Is that denomination in the current structure? The current list includes 10 and 50 kopiyok, and 1, 2, 5 and 10 hryvnias in coins; 1, 2, 5 and 25 kopiyok are excluded.
- Is the difference only the design? An older banknote design is still valid according to the 2024 report. For an old coin or a question about a changed deadline, consult the NBU’s current official information.
This approach avoids two common errors: rejecting a valid older banknote because it looks unfamiliar, and treating an obsolete small coin as current change because it still bears a denomination.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why are the smallest coin values different from older cash?
The current denomination structure begins with a 10-kopiyok coin rather than the 1-, 2-, 5- or 25-kopiyok pieces that have been withdrawn from legal tender. For a reader identifying cash, the important point is not to treat every historically issued fraction as part of the present-day list. NBU materials describe both an optimized six-coin structure and the withdrawal of the four small kopiyok values, so the current list and old-cash status need to be read together.
The NBU’s withdrawal figures also show that this was a phased process rather than an instantaneous disappearance: more than 311 million old-design pieces across the listed obsolete kopiyok values and old-design 1-hryvnia coins were withdrawn during the period from October 2019 through the end of 2024. A withdrawn coin can still be encountered outside ordinary payments, but its presence does not change the current denomination list or its legal-tender status.
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Where can you verify a denomination or validity question?
For the denomination structure, the NBU brochure is the concise source. For old banknote validity, the 2024 annual report supplies the explicit statement that old-style notes remain valid. For the legal framework on cash forms and legal tender, consult Articles 34–35 of the National Bank law. For coin size and material, use the NBU’s 2024 coin reference.
The date-sensitive issue is exchange of the obsolete 1-, 2-, 5- and 25-kopiyok coins. The annual report describes a deadline linked to the end of martial law plus 90 days, so readers should not assume the exchange period remains open or closed based solely on an old summary. Check the NBU’s latest public information before traveling to exchange them. The same care applies if a policy, denomination list, or banknote design changes after the cited documents were published.
Frequently Asked Questions
What does UAH stand for?
UAH is the international currency code for the Ukrainian hryvnia. The currency symbol is ₴; a price marked UAH and one marked ₴ refer to hryvnias.
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Is a 25-kopiyok coin worth one quarter of a hryvnia?
Its arithmetic face value corresponds to one quarter of a hryvnia, since 100 kopiyok equal one hryvnia. But the 25-kopiyok coin is no longer legal tender, so that conversion does not mean it can be used as current cash.
Can I exchange withdrawn kopiyok coins outside Ukraine?
The cited NBU report describes an exchange period, but it does not establish that exchanges are available through institutions outside Ukraine. Check directly with the NBU or an authorized institution for current locations and eligibility before relying on an exchange.
Does a 1-hryvnia coin have the same status as a 1-kopiyok coin?
No. The current denomination list includes a 1-hryvnia coin, while the 1-kopiyok coin is among the small denominations that are no longer legal tender. Their shared numeral does not mean they have the same value or status.
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