The hryvnia is the official currency of Ukraine, introduced in 1996 to replace the karbovanets. It is abbreviated as UAH and is subdivided into 100 kopiykas. The currency symbol is ₴, and it is used for all transactions within the country. The National Bank of Ukraine is responsible for issuing and regulating the hryvnia. The currency has undergone various changes in design and security features to prevent counterfeiting. The exchange rate of the hryvnia can fluctuate based on economic conditions, making it important for both residents and visitors to stay informed.