Ukraine sees an increase in cash in circulation / Photo from UNIAN
Since the beginning of the year, M3 has increased by 1.6%.
Ukraine's monetary stock, M3, a measure of the money supply, namely cash in circulation and bank deposits of assets owned by individuals, legal entities and the state, expanded by 1.3% in July 2018, to UAH 1.229 trillion, or US$45.52 billion.
Since the beginning of the year, M3 has increased by 1.6%, the National Bank of Ukraine (NBU) said on its website.
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According to the data provided, the country's monetary base (the aggregate of the central bank's liabilities that can be used to create the money supply, including cash in circulation and liabilities to credit institutions) increased by 0.2% in July and by 5.4% since the beginning of the year, to UAH 420.6 billion, or US$15.58 billion.
UNIAN memo. Ukraine's monetary base in 2017 grew by 4.6%, to UAH 399.1 billion (US$14.78 billion), while M3 rose by 9.5%, to UAH 1.208 trillion, or US$44.7 billion.