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The Karbovanets (Ukrainian: карбованець, romanized: karbovanets', plural: карбованці, karbovantsi for 2–4, or карбованців, karbovantsiv for 5 or more), also colloquially known as kupon (купон, plural: купони, kupony) or coupon from the banknote printing, is a former unit of currency in Ukraine in three separate periods of the 20th century.
In Ukraine's history, banknotes denominated in Ukrainian hryvnias (Ukrainian: гривня; ISO 4217 code: UAH, symbol: ₴) have been issued during two periods.The first of them took place in 1918 and 1919, when the Central Council of Ukraine decided to transition to hryvnia from karbovanets, another currency that circulated in various periods of the country's history.
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The 1996 Ukrainian monetary reform was carried out from 2 to 16 September 1996, and oversaw the replacement of the Ukrainian karbovanets with the new Ukrainian hryvnia in accordance with the Constitution of Ukraine, adopted the same year. Karbovantsiv were exchanged for hryvnias at a rate of 100,000 to 1, with exchanges continuing freely until ...
Created Date: 8/30/2012 4:52:52 PM
In December 1918 a temporary law about the issue of state banknotes by the UPR was adopted. According to this law: "Bank-notes must be issued in karbovanets" (Ukrainian: Карбованець). Each karbovanets contains 17.424 parts of pure gold and is divided into two hrivnas (Ukrainian: Гривня) or 200 shahs (Ukrainian: Шаг).
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