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Banking in Ukraine
Ukraine note bills money
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The official currency of Ukraine is Hryvnia, also spelled
as Hryvna or Grivna. It replaced the Coupon in 1996, which
was the short-term currency used in Ukraine after it split
from the Soviet Union. Ukrainian coins are called "kopiyka".
One kopiyka equals 1/100 of Hryvnia.
Lettered code - UAH, numeric code - 980, abbreviated name -
Hrn. Issuing institution - the National Bank of Ukraine.
There are bills for 1, 2, 5, 10, 20, 50, 100, 200, and 500
Hryvnia. There are coins for 1, 2, 5, 10, 25, and 50
kopiykas. Also there are 1, 2, and 5 Hryvnia coins as well
as some commemorative collectible coins. The artist of all
circulation coins of all denominations is V.Lopata.
USA dollars and Euros are the most popular foreign currency
in Ukraine, so it is preferrable to bring US dollars or
Euros with you. Use of them is officially forbidden in shops,
bars and restaurants. There are a lot of currency exchange
places throughout the city; at the hotels, banks and
airports. Make sure your foreign currency bills are new
looking and crisp. Written-on, torn or crumpled banknotes
are usually rejected or could be exchanged only at the banks
and sometimes at a lower rate. Your passport is not required
for the exchange of currency. Avoid changing money with
private individuals.
Personal checks practically don't exist in Ukraine, but many
places in Kiev have started to accept major credit cards
like Visa or MasterCard and some others. Travellers' checks
could be cashed at the banks for 3%. American Express does
not have an office in Ukraine to replace lost checks.
It is better to have cash with you as well and not to rely
solely on credit cards and travellers' checks. (Tel in
Ukraine: 8 (800) 500 222 0 (toll free) Participating ATM
Networks: Raiffeisen Bank Aval)
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Banks in Ukraine
ВТБ (VTB) Bank,
http://vtb.com/ , 0 800-50-777-60 (toll free)
Oschadbank of Ukraine,
http://www.oschadnybank.com/ , +380 44 247-85-54
Pravex Bank, http://www.pravex.com/
, 0 800-500-4500 (toll free)
Privat Bank,
http://www.privatbank.ua/ , 0 800-500-0030 (toll free)
Raiffeisen Bank Aval, http://www.aval.ua/
, +380 44 490-88-88 (24 / 7)
Ukrsotsbank, http://www.usb.com.ua/
, +380 44 205-45-53
UkreximBank,
http://www.ukreximbank.com.ua/ , +380 44 247-89-92
You could get money using your credit card
out of the ATM machines (local word for it is "Bankomat") throughout the
city. But make sure the ATM you are going to use is located in a public
place, like shopping malls, hotels, inside the banks or next to the
banks, inside the travel agencies or ticket offices, etc. Make sure,
your card logo is on the ATM machine. Usually ATMs offer Hryvnias. Only
a few locations could offer you dollars via an ATM. Instructions are in
Russian, Ukrainian or English.
National Bank of Ukraine (NBU)
Address: 9 Instytutska St., Kyiv 01601
Tel: (+380 44) 253-01-80
Fax: (+380 44) 230-20-33, 253-77-50
Telex: 131018 NBNK UX, 131251 KIJ UX
Web-site: National Bank of Ukraine (Ukrainian/English)
Banks in Ukraine
The evolution of the national banking system in Ukraine started in
March 1991, after the adoption of the Law of Ukraine "On Banks and
Banking" by the Ukrainian Verkhovna Rada. The Ukrainian banking system
is a two-tier structure consisting of the National Bank of Ukraine and
commercial banks of various types and forms of ownership including the
state-owned Export-Import Bank and a specialized commercial Savings Bank
(Oschadny Bank). Read more about the banking system of Ukraine here
Major banks in Ukraine are:
Raiffeisen Bank Aval
Web-site: www.aval.ua (in Ukrainian / Russian / English)
Privat Bank
Web-site: www.privatbank.ua (in Ukrainian / Russian / English)
Pravex Bank
Web-site: http://www.pravex.com/ (in Ukrainian / Russian / English)
Oschadny Bank
Web-site: http://www.oschadnybank.com/ (in Ukrainian)
Universal Bank
Web-site: http://www.universalbank.com.ua (in Ukrainian)
Nadra Bank
Web-site: www.nadra.com.ua (in Ukrainian / Russian / English)
Ukrsibbank
Web-site: http://www.ukrsibbank.com/ (in Ukrainian / Russian / English)
Ukrsotsbank
Web-site: http://www.ukrsotsbank.com/ (in Ukrainian / Russian / English)
Ukrprombank
Web-site: www.ukrprombank.ua (in Ukrainian / Russian / English)
Procredit Bank
Web-site: http://www.procreditbank.com.ua/ (in Ukrainian / Russian /
English)
Unicredit Bank
Web-site: http://www.unicredit.com.ua/ (in Ukrainian / Russian / English)
Prominvest Bank
Web-site: www.prominvestbank.com.ua (in Ukrainian / English)
Finance & Credit Bank
Web-site: www.fc.kiev.ua (in Ukrainian / Russian / English)
Index Bank
Web-site: www.indexbank.ua (in Ukrainian / Russian / English)
Ukrexim Bank
Web-site: www.eximb.com (in Ukrainian / Russian / English)
UkrgasBank
Web-site: www.ukrgasbank.com.ua (in Ukrainian / Russian / English)
Money Transfer
There are several money transfer systems available in Ukraine, but the
biggest and the most popular ones are : Western Union and Money Gram.
Nowdays the best rates for transfering money to / from Ukraine offers
Money Gram. Use Money Gram Agent Locator to find the nearest Money Gram
Agent. Nearly every bank represents one or several Money Transfer
Systems. Just look for the sign on the bank.
You could also find Money Transfer Agents not at the banks but at the
Money Transfer Stands (kiosk), usually located in the shopping malls or
inside the metro.
It's also quite easy and cheap to transfer money inside of Ukraine using
local money transfer agents.The biggest banks like Privat, Raiffeisen
Aval and Pravex offer their own Money Transfer Systems. Privat offers
Privat Money (in UAH, USD, EUR). Pravex has Pravex Telegraf (in UAH,
USD, EUR) and it is the cheapest money transfer system. Reiffeisen Aval
has Aval Express (in UAH) and Bystraya Pochta (in USD and EUR).
Ukrsibbank has UKRSIB (in UAH, USD and EUR). Same as using Western Union
(WU) or Money Gram (MG) you will have to fill in the appropriate form
and the money will be transferred within 15 minutes, or less. These
banks are wide spread and have got departments in every city in Ukraine.
You will need your passport to send or receive the transfer.
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