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The National Bank of Ukraine stands for further development of cashless circulation and decline in the share of cash in the economy up to 12% in 2020 from 18% at the end of 2014, the NBU has reported on Facebook.
According to the NBU, since the beginning of 2015, the volume of cash in Ukraine's economy decreased by 2.3% down to UAH 276.3 billion as of the end of August.
The regulator says that the Ukrainians are actively using payment cards when buying online goods and services. In particular, in Q2 of 2015, online payments amounted to over UAH 45 billion. In addition, the Ukrainians conducted more than 111 million monetary transactions totaling almost UAH 43 billion within the country, while two million payments worth UAH 2.5 billion were made in foreign online stores.
Read alsoNBU raises withdrawal amount from foreign currency depositsAs UNIAN reported earlier, Board of the National Bank of Ukraine was planning to reduce the maximum amount of cash payments by three times – from current UAH 150,000 down to UAH 50,000. A draft resolution was proposed for a public debate until August 25.