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History·5 March 2026·4 min read

The hryvnia — a currency rooted in Kievan Rus

The name of Ukraine's currency comes from a silver unit used a thousand years ago in Kievan Rus.

The hryvnia — a currency rooted in Kievan Rus
Image: domeniu public · Wikimedia Commons

The hryvnia is Ukraine's currency, a name a thousand years old: in Kievan Rus, the grivna was a unit of weight in silver (from which, by cutting, the ruble was also born).

Identity through currency

Reviving the hryvnia name, at Ukraine's independence in 1996, was an act of national identity — just as Romanians named their currency the "leu". Money always says who you want to be.