2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Recently, interest in the state of Ukraine has grown significantly. News feeds are full of articles about events in this country. Often readers have questions about some names, surnames and abbreviations. For example, what is "grn"? There are even options that this is an abbreviated name of state or public organizations. In fact, this is how the monetary unit adopted in Ukraine is designated. In this article, we will describe what “UAH” is, and what kind of hryvnia is, and we will also tell you where this name came from.
Determining the meaning of a word
Hryvnia is a weight and monetary unit in Kievan Rus, Lithuanian Rus and Ancient Rus. It is also known that this designation was widely used in other state formations in Eastern Europe. The word hryvnia was used to measure the weight of gold or silver. Thus, its monetary equivalent appeared. Silver was twelve and a half times cheaper than gold.
What does hryvnia mean? Appearance story
Initially, this word meant neck jewelry, which was most often made of precious metals - silveror gold. Over time, the word was transformed, and it acquired a different meaning - corresponding to a certain weight of gold or silver, and then it was used as a monetary unit of measurement: “hryvnia of silver”. Hence the current meaning of the word as the name of the monetary unit. For the first time this name appears in documents dating back to 1130. This monetary unit was equivalent to a certain number of identical coins. Hence the bill for pieces. Such a monetary unit was called "hryvnia kun". In Ancient Russia, the name referred to payment and monetary concepts.
What is "UAH"? Names and varieties
- Coin hryvnia. This is the name of a large silver ingot, which was in use in Ancient Russia from the 12th to the 14th centuries.
- The Kyiv hryvnia is a hexagon-shaped coin that has been in circulation since the eleventh century. Her weight was about 165 grams. It is based on this monetary unit that modern Ukraine has developed the current currency.
- Novgorod hryvnia is a currency widespread in the northern part of Russia. From the 13th century it became known as the ruble. This name gradually replaced the previous one. Since the 15th century, precious metal ingots have gradually gone out of use as monetary units. It was replaced by a new monetary system that retained the name "ruble", and the hryvnia was taken as the basis for minting coins.
Now you know what "UAH" is.
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