I wish I had been born ten years earlier (to have been a twenty-something during the 1990s). That way I would be either rich or dead by now.
- D's coworker
Following the breakup of the Soviet Union in 1991, the rest of the 90s were a time of chaos and hope for Ukraine. Obviously I wasn't in Kharkov then, but a friend of mine was. Here he shares his thoughts on the kupon karbovanets, a currency briefly used during those years before it succumbed to hyperinflation.
What was your reaction when this currency was
first released? Do you remember
the reactions of others?
I was more than hopeful, but it was only me. Others were just interested and older people were suspicious. Faith in the soviet currency was immovable (until the annihilation of Sberbank
accounts).
From the late 80s I was
a great supporter of the idea of Ukrainian independence. In 1987, I dared to
predict that Leningrad would soon become St. Petersburg. No one believed me. And they
were right, it was beyond their imagination at the moment. So, when the news
about our own Ukrainian currency appeared, I was very excited. We were allowed
to have only a hundred kupons (that was the name, karbovanci was the Ukrainian word for soviet ruble) when they were released. A person was given a hundred
kupons and the rest of their wage in rubles.
Why did the government begin printing the karbovantsiv in the 1990s? What was their explanation?






