Topic summary
1996 Ukrainian monetary reform
Personal
Prime Minister of Ukraine (1992–1993)
President of Ukraine (1994–2005)
Tenure
First term
(1994–1999)
- Multi-Vector Policy
- Constitution
- Denuclearisation
- United States v. Lazarenko
- Monetary reform (1996)
- Russian–Ukrainian Friendship Treaty
Second term
(1999–2005)
Post-presidency
Controversies and protests
Elections
The 1996 Ukrainian monetary reform was carried out from 2 to 16 September 1996 according to a decree by presidentLeonid Kuchma, and oversaw the replacement of the Ukrainian karbovanets with the new Ukrainian hryvnia in accordance with the Constitution of Ukraine, adopted the same year. Karbovantsi were exchanged for hryvnias at a rate of 100,000 to 1, with exchanges continuing freely until 1998. The monetary reform helped to launch the political career of Viktor Yushchenko, who oversaw it in his capacity as head of the National Bank of Ukraine.