Money supply in Ukraine in December 2016 increased by 5.4%, to UAH 1.102 trillion, according to preliminary monetary statistics data, posted on the website of the National Bank of Ukraine (NBU).
In addition, the amount of cash last month grew by UAH 25.7 billion (8.9%), to UAH 315.175 billion. The annual rise was 11.5%.
According to the central bank, the increase in money supply was mainly due to the growth of deposits in the national currency, the remains of which over the year grew by 8.7%, in particular in December 2016 by 4%. The balance of foreign currency deposits (in U.S. dollar terms) in 2016 did not change, despite the fact that in December 2016 they fell by 1.9%.
The NBU noted the remains of deposits of the corporate sector were growing at a faster pace: business hryvnia deposits in 2016 increased by 12%, deposits in foreign currency (in U.S. dollars) by 3.3%.
“This was facilitated by a gradual recovery of economic activity and the improvement of financial results of enterprises, in particular through invigoration of exporters in the second half of the year,” the report says.
The growth of nominal income of the public contributed to the increase of deposits in the national currency over the year by 5.2%. (Interfax/Business World Magazine)
