Ukrainians hold a record 890 billion hryvnias in cash: reasons for the increase.

According to inkorr.com: The National Bank of Ukraine reported that the total amount of cash in circulation in the country is 890.1 billion hryvnias, which is 67.7 billion hryvnias (8.2%) more than at the beginning of the year. This growth is explained not only by seasonal factors but also by increasing uncertainty related to the war.

In the first quarter, money was actively deposited into banks, but in the second and third quarters, there was a sharp spike in demand. The reason for this increase was the constant air attacks that can lead to prolonged power outages, as without electricity terminals, ATMs, and online banking do not function.

According to the regulator, there are 2.6 billion banknotes and 15.1 billion coins in circulation, totaling 8.9 billion hryvnias. Each resident of Ukraine has an average of 63 banknotes and 191 coins.

Among banknotes, the most popular remains the 500-hryvnia note (26.6%), while the 50-hryvnia note is the least demanded (4.5%). Among coins, the 1-hryvnia coins (4.5%) are used most often, while the 10-hryvnia coins (2.2%) are the least circulated. Starting in October, the withdrawal of 10-kopak coins, which are no longer used in transactions, is planned, which will reduce the country’s costs for their production and maintenance.

50-kopak coins continue to be popular in trade, making up 9.1% of the total number of coins in circulation.

Growth dynamics of cash

Over the past 9 months, the 1000-hryvnia banknotes and 10-hryvnia coins stand out in terms of cash growth. This indicates inflationary processes and rising prices, which force Ukrainians to have more money for everyday purchases.

The increase in the amount of cash in Ukraine demonstrates a high demand for cash in conditions of political and economic uncertainty, as well as the population's desire to maintain financial stability during difficult times.