01/01/2021: Introduction of New Banknotes
New banknotes with enhanced security features were introduced, replacing the previous designs.
02/03/2020: COVID-19 impact
The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.
20/12/2016: Abolishment of Currency Controls
Belarus abolished most of the currency controls, allowing for greater flexibility in foreign currency transactions.
05/02/2015: Currency devaluation
Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.
01/01/2015: Introduction of Currency Controls
To stabilize the economy, Belarus implemented currency controls, restricting foreign currency transactions.
22/12/2014: Devaluation of the Belarusian Ruble
The Belarusian Ruble experienced a significant devaluation, causing a sharp drop in its value against major currencies.
20/02/2014: Ukrainian revolution
The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.
01/07/2011: Creation of the Single Currency Market
The Single Currency Market was established, allowing for unified exchange rates between the Belarusian Ruble and foreign currencies.
01/07/2008: Exchange rate flexibility
Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.
01/10/2004: Banknote redesign
New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.
01/01/2000: Redenomination of the Belarusian Ruble
The Belarusian Ruble underwent a redenomination, with four zeros being removed from the currency.
02/09/1996: Currency reform
A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.
02/09/1992: Introduction of the Ukrainian Hryvnia
The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.
26/05/1992: Introduction of the Belarusian Ruble
The Belarusian Ruble was introduced as the official currency of Belarus, replacing the Soviet ruble.