Welcome to Monetized History, today we’re going to look at the Ukrainian 2014 one hryvnia note. There are currently
about 500 million of these notes in circulation. It has a face value
equivalent to four cents, and can be bought for as little as fifty cents. It
features many modern security elements such as watermarks of Vladimir the great
and the hryvnia symbol, a security strip with the denomination and Ukrainian
trident, a registration mark in the shape of the bank’s logo, UV fluorescent and magnetic reactive ink, microprinting that reads NBU for the
National Bank of Ukraine, Odna Hryvnia for one hryvnia, and Ukrayina for Ukraine. The main image on the front of the note is Vladimir the Great.
Vladimir rose to power after defeating his brother Yaropolk in 980.
For seven years he ruled as a devout follower of the Slavic gods but in
987 he sent envoys to study the religions of neighbouring nations. He was
most impressed with the pageantry of the Eastern Orthodox Church and the Byzantine Empire. When Emperor Basil II faced an insurrection, he asked for assistance from Vladimir. He agreed to help the beleaguered Byzantine Emperor in exchange for the hand of his sister Anna Porphyrogenita. Basil agreed
on the condition that he and his people convert to Eastern Orthodox Christianity.
Today he is venerated as St. Vladimir of Kyiv by the Catholic, Orthodox, Anglican,
and Lutheran churches. The image to the left of his portrait is from the Radziwill Chronicle showing Vladimir consecrating the first stone church in
Kyiv in 996. the Radziwill, or Konigsberg Chronicle, is a 13th century
manuscript that tells the history of the Kievan Rus’ from the 5th century to the
13th century. Above this is the Ukrainian coat of arms officially known as “The
Sign of the Princely State of Vladimir the Great.” It was the personal symbol of
Vladimir and is stamped on coins issued during his rule. Although commonly known as a Tryzub or Trident, it is most likely a stylized falcon. The text to the left of
the coat-of-arms reads “National Bank of Ukraine.” The text to the right of the
bill reads “One Hryvnia.” The reverse of bill is dominated by an image of the medieval Citadel of Kyiv as it would have looked during the time of Vladimir
the Great. The church in the foreground is the Church of the Dormition of the
Virgin or Church of the Tithes constructed under the order of Vladimir,
the consecration of which is depicted on the front of the bill. The church was
destroyed in 1240 when Kyiv was conquered by the Mongol armies of Batu
Khan and has never been rebuilt. To the right is an artistic composition of
items that would have had significance during the time of Vladimir the Great.
Finally, in the top-left corner, is the logo of the National Bank of Ukraine. The
symbol is based off the shape of ingots, also known as hryvnia, which were once used as currency in medieval Ukraine. Thank you for watching Monetized History. If you have any questions leave them in the comments. We’ll be back next week. Don’t
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