1 Ukrainian Karbovanet, also known as Kupon or Kynoh, has been a distint unit of currency in Ukraine during 3 separate periods of the 20th century. It is the predecessor currency of today's Ukrainian Hryvnia. In November 1990, with the collapse of the Soviet planned economy, the Ukrainian SSR introduced these one-time coupons given to Ukrainian residents. These coupons were needed in addition to rubles in order to buy groceries and living essentials. On January 10, 1992, the karbovanets replaced rubles at par and later suffered from hyperinflation and was replaced by the Hryvnia in 1996. Brown. Obverse: Lybid Reverse - Kyiv Pechersk Lavra Reverse - Transnistrian Supreme Soviet Printing - 1991 Issue - 1991 Ukraine spent most of its history split betwen rival empires, the Russian Empire and the Austrian-Hungarian Empire, each with it's respective currency. . In Uncirculated Condition. Size: 4-1/8 inches by 2 inches. Buyer pays $1.95 Postage to anywhere in the USA. International shipping rates apply. Save more when buying multiple items.