Some UAH 685 billion worth of cash was in circulation as of April 1, the National Bank of Ukraine reported.
In particular, this is almost 3.1 billion banknotes totaling UAH 679.8 billion, as well as almost 14.1 billion coins (excluding commemorative and investment) in the amount of UAH 5.09 billion. This is UAH 57.4 billion, or 9.2% more than in early 2022 (as of January 1, it was UAH 627.6 billion).
The growth is due to increased demand for cash, observed due to uncertainty at the onset of war, the NBU explained.
At the same time, while a significant demand for cash was observed in the first weeks of war, in the second half of March cash withdrawal from circulation began. In March, the amount of cash in circulation grew by only 2.8% (or UAH 18.7 billion).
The National Bank noted that there were 74 banknotes and 166 payment and circulation coins per capita of Ukraine (as of January 1 – 71 and 162, respectively). (Ukrinform/Business World Magazine)
