Ukrainians are increasingly refusing cash dollars and euros: what are they buying now.


Ukrainians are increasingly refusing cash in favor of cashless currency operations. According to financial expert Andriy Shevchyn, the number of transactions for purchasing dollars and euros has doubled on a weekly basis, reaching between 10 to 20 million dollars per day.
The total volume of currency sales has increased by 5%, reaching 16 million dollars. As Shevchyn notes, Ukrainians have been purchasing more cashless currency than they have been selling for four months now, and the demand for cash is gradually decreasing to 8 million dollars daily.
'It seems that part of cash transfers has moved to the interbank market. But only Time will tell if this is just a statistical anomaly or a real change in consumer behavior,' the expert comments.
The demand for cashless currency among Ukrainians is rapidly rising, while cash transactions are starting to decline. The next week will show whether this trend will continue or if a reversal is possible.
According to Andriy Shevchyn, Ukrainians are increasingly turning to cashless currency, valuing the security and convenience of currency transactions over cash. This trend could have significant implications for the country's financial market, affecting exchange rates and promoting the development of electronic payments.
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