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Measures being taken against the pandemic, as well as economic uncertainty, affects the financial behavior of the population.
The Expert Platform at the National Bank of Ukraine (NBU) says the outflow of funds from bank accounts of individuals stopped on March 25, whereas deposits in hryvnias, Ukraine's national currency, increased by UAH 4 billion (US$147 million), or 1.2%, over the last week of March.
Measures being taken against the pandemic, as well as economic uncertainty, affects the financial behavior of the population. However, the March trend of cash removal from bank deposits turned out to be weak and short, while the NBU's decision not to introduce restrictions on the financial market helped restore the inflow, the Expert Platform wrote on Facebook on April 7.
Over the month, balances in the accounts of the population have declined by UAH 2,752 billion (US$101 million), or 0.8%, and by US$19 million in dollar equivalent, or 0.2%. Daily dynamics on deposits in hryvnias differs little from the profiles of previous periods, the experts said.
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Significant anxiety with regard to funds in foreign currency was observed in the second decade of March. Since then, balances on bank accounts in the dollar equivalent have remained almost unchanged, the report said.
Experts emphasize that the current situation significantly differs from the acute phases of previous crises. In particular, in August 2014 alone, the balances of individuals' deposits in national currency decreased by 1.44%, while those in foreign currency shrank by 3.11%.
As UNIAN reported earlier, the National Bank on March 20 banned banks from introducing any restrictions on deposits that have expired. The regulator also said it would impose no restrictions on Ukraine's forex market.