Hryvnia Becomes FX in Crimea
Since 1 June 2014, the Hryvnia is no longer legal tender in the Republic of Crimea and Sevastopol. The Ruble and Hryvnia were earlier due for parallel circulation till 1 January 2016. Crimeans could exchange cash from the Hryvnia to the Russian Ruble till 1 June at the official rate, afterwards the Hryvnia is exchanged at a rate set by commericial banks operating in Crimea.
To help Crimeans study the new official currency and protect them from counterfeiters, CBR are running an information campaign under which the Republic of Crimea's TV broadcasts videos on CBR banknote security features and posters with CBR banknote images and their authenticity signs are freely distributed.
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