Ukraine sees fall in monetary base and money supply

The monetary base in Ukraine in April fell by 0.5%, to UAH 330.4 billion, while the money supply was down by 4.7%, to UAH 976.3 billion, according to data published on the Web site of the National Bank of Ukraine (NBU).

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According to the regulator, since the beginning of the year the monetary base has decreased by 0.9%, while the money supply during the period increased by 2%. The cash volume outside the banks grew by 0.4% in April and by 1.1% since the beginning of the year amounted to UAH 286 billion.

The report notes that money supply dynamics were affected by revaluation of foreign currency deposits due to the devaluation of the national currency.

As UNIAN reported earlier, the volume of the monetary base in Ukraine rose by 0.1% in March - to UAH 332 billion, the money supply dropped by 10% to UAH 1.022 trillion, while the cash volume outside the banks rose by 0.3% in March.

In 2014, the money supply grew by UAH 44.851 billion, or 4.9%, amounting to UAH 953.846 billion, and the monetary base was up by 8.5%, or by UAH 26.055 billion, and totaled UAH 333.194 billion.

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