"Ukrainian currency: Hryvnia" Top 5 Page for this destination Chernivtsi Local Custom Tip by HORSCHECK
Chernivtsi Local Customs: 8 reviews and 16 photos
Ukraine is a country of cash, so it is always best to pay cash. The local currency is the "Hryvnia" (abbreviation: UAH) which is divided into 100 Kopecks.
In 2004/05 new banknotes were put into circulation, but the various old ones are still valid and in circulation as well. This causes some confusion as you may have 2 or even more variations of the same banknote in your wallet.
In the last years the Ukrainian Hryvnia has been relatively stable. Nevertheless you might see some signs stating prices in US Dollar or Euro.
I usually prefer to get my money from cash points which can be found at almost every corner in Chernivtsi. I really find it amazing how many banks you find in Ukrainian cities.
You can also exchange your local currency at one of the many exchange booths. As their rates might vary, I recommend to campare a few rates and ask how many Hryvnia you really get for your currency. Just make sure that you don't have to pay a commission and that you count the money at the window in front of the person in charge.
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