What is "USD"?

In recent years interest has grown considerably against Ukraine.Newsletters are full of articles about the developments in the country.Most readers have questions about some of the names, the names and abbreviations.For example, what is "USD"?Even there are options that is abbreviation of state or public organizations.In fact, as indicated by currency adopted in Ukraine.In this article, we will describe what a "UAH", and what is the hryvnia, as well as tell you where did this name.

definition of the word

hryvnia - a weight and currency in Kievan Rus, Lithuania, Russia and ancient Russia.We also know that this designation is widely used in other state entities in Eastern Europe.The word "UAH" was used to measure the weight of gold or silver.And there was the cash equivalent.Silver was twelve and a half times cheaper than gold.

What does "the hryvnia?"The story of

Initially this word signified neck decoration, which is often made of precious metals - silver or gold.Over time, the word was transformed, and he's got a different meaning - matching a certain weight of gold or silver, and then used as a monetary-weight unit: "Hryvnia 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 currency was equivalent to a certain number of the same coin.Hence, on account of things.So called currency "hryvnia kun."In ancient Rus' name refers to the payment and money concepts.

What is "USD"?Product names and varieties

  1. Coin hryvnia.So we call a large silver bullion, which was in use in ancient Russia from 12 to 14 century.
  2. Kiev hryvnia - coin-shaped hexagon, which was circulated to the eleventh century.Its weight was about 165 grams.It is based on this monetary unit, the modern Ukraine has developed the currently existing currency.
  3. Novgorod Hryvnia - the currency, common in the northern part of Russia.With the 13th century came to be called the ruble.This name gradually superseded the previous one.Since the 15th century, precious metals bullion gradually gone out of use as a monetary unit.In place of a new monetary system, which retained the name "ruble" and the hryvnia has been taken as the basis for coinage.

Now you know what the "USD".