The hryvnia is the official currency of Ukraine. The official currency symbol: ₴ or грн. The hryvnia was introduced to replace the karbovanets after the issuance of the Presidential Decree on August 26, 1996, which was published on August 29. Both hryvnias and karbovanets were used throughout the transition era, but traders were only required to give change in hryvnias. All bank accounts were automatically converted to hryvnia. The karbovanets were taken out of circulation during the changeover era. The leftover karbovanets could be exchanged for hryvnias at banks after September 1996.
Currently, they are issued in denominations of ₴1, ₴2, ₴5, ₴10, ₴20, ₴50, ₴100, ₴200, ₴500 and ₴1000. The National Bank of Ukraine, which issued its first series of notes in 1996, is responsible for all current notes. Between 2004 and 2006, the current series of hryvnia banknotes went into circulation.
The 20 hryven note front design features the portrait of Ivan Yakovych Franko (1856 –1916), was a Ukrainian poet, writer and public figure who wrote the first detective novels and modern poetry in the Ukrainian language. The portrait is followed by a fragment of his writings and the National Coat of Arms.
The reverse of the note illustrates the front view of Solomiya Krushelnytska Lviv State Academic Theatre of Opera and Ballet or Lviv Opera, located in Lviv, followed by the Lviv Opera Sculpture Glory. The design is completed with the logo of the National Bank of Ukraine. The lettering of the note is presented in the Ukrainian language. This note is part of the 2003 – 2016 series, and its color is slate black and green on a multicolor underprint.
Text: НАЦІОНАЛЬНИЙ БАНК УКРАЇНИ ГОЛОВА ,20, Земле, моjа всеплодьучаjа мати! Сили, шчо в твоjіj движель глубині, Краплоу, шчоб в боjу сміліjше стоjати, даj і міні!, ІВАН ФРАНКО, 20 ДВАДЦЯТЬ ГРИВЕНЬ,ЛЬВІВСЬКИЙ ОПЕРНИЙ ТЕАТР,2003, 20