02.09.2021

Open-Air Hryvnia Museum: a free exhibition has opened in Kyiv in honor of the 25th anniversary of the hryvnia

UKRSIBBANK BNP Paribas Group presented an interactive stand on cash-in-transit services at the Open-Air Hryvnia Museum in Kyiv. The organizers of the exhibition are the National Bank of Ukraine with the assistance of the President of Ukraine Volodymyr Zelensky together with the participants of the financial market.

The 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. The exhibition is located in Kyiv in Kontraktova Square and will run from 2 to 30 September 2021. Entrance is 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, the hryvnia has been not only a currency, a national currency, but also a symbol of our state. We are constantly working on updating and modernizing the hryvnia, and today the fourth generation of the national currency is in circulation with the most modern protective elements, including Ukrainian flax”, Kyrylo Shevchenko said. “On the birthday of the hryvnia, we want to give Ukrainians a story about it, to show its birth, revival, modernity and innovation.. Therefore, on the occasion of the anniversary of the hryvnia, we open the exhibition “Open-Air Hryvnia Museum” 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. Since September 17, 1996, the hryvnia has become the only legal payment instrument 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 position – monetary reform should not be confiscatory. We argued and convinced the government of those days that only non-confiscation reform will create public confidence in the Ukrainian national currency and will not lead to rising inflation. We proposed in advance to announce the exchange of coupon rubles for a new currency, to exchange people’s money honestly and openly. 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 rubles for two weeks, the National Bank exchanged them after a year or two. This laid the foundation for the further successful development of the national currency,” Viktor Yushchenko said.

The exhibition 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 the 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 the ATM and the cash-in-transit van provided by UKRSIBBANK BNP Paribas Group looks like from the inside.

“UKRSIBBANK is the same age as the banking system of Ukraine. Imagine how many events we witnessed. The beginning of the bank’s operation actually coincided with the beginning of the financial system of Ukraine. So to become a bank for the future, we are constantly looking for new convenient solutions for customers. And one of our priorities is security”, Yanina Olkhovska, Director of Communications, Corporate Social Responsibility and Involvement of UKRSIBBANK BNP Paribas Group says.

UKRSIBBANK’s first own cash-in-transit services department appeared in the summer of 2002 in Kharkiv. Now there are six locations in different cities. The bank’s cash-in-transit fleet is more than two dozen of special-armored vehicles equipped according to NBU standards, as well as additional own solutions. You can learn about all this, as well as visit the car inside at the exhibition.

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 information portal of the National Bank.

In addition, thanks to the support and assistance of the Ministry of Education and Science of Ukraine, lessons on the history of the hryvnia will be held in schools this September. The National Bank has developed all the necessary materials for this: lesson plans, workbooks, presentations, information posters, workshops for primary, secondary and high school students.

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