Ukraine’s M3 money supply up 0.5% m/m in May.

By bne IntelliNews June 25, 2013

Ukraine’s money supply M3 rose by 0.5% m/m to UAH 821.7bn (USD 102.7bn), the National Bank of Ukraine (NBU) has announced in its latest report. The volume of cash in circulation outside depository corporations (M0) decreased by 0.3% - to UAH 213.9bn, M1 (M0 + transferable deposits in national currency) - increased by 0.8% to UAH 352.2bn, M2 (M1 + transferable deposits in foreign currency and other deposits) - 0.5% to UAH 819.3bn.

Domestic credit as of May-end totaled UAH 1.1tn, up by 0.85% m/m. Net foreign assets decreased by 6.1% - to UAH 105.8bn. The amount of cash in circulation declined by 0.3% m/m to UAH 213.919bn as of June 1. Since the beginning of 2013, the amount of cash in circulation rose by 5.3% or UAH 10.674bn.

The NBU plans growth of monetary base in Ukraine in 2013 to amount to 6-8% depending on economic development. The government's forecast for macroeconomic indicators contains two scenarios. Under the first, optimistic scenario, the growth of the monetary base in 2013 could be 8%. If the macroeconomic situation develops according to the second pessimistic scenario, there is reason to forecast that the growth of the monetary base will be 6%.

Related Articles

Ukrainian central bank bans Russian banknotes, coins depicting occupied territories

The National Bank of Ukraine (NBU) has forbidden local banks and the country's financial institutions to perform any cash transactions using the new banknotes and coins issued by the Russian central ... more

Ukraine places $3bn in 15-year Eurobonds at 7.375%

Ukraine has placed $3bn in 15-year Eurobonds at 7.375% per annum, Ukrainian President Petro Poroshenko said during a meeting with international investors in New York on September 18. "Ukraine has ... more

Ukraine's rail monopoly to inject $6bn into capital investment in 2017-2021

Ukraine's state-owned railway monopoly Ukrzaliznytsia is going to spend up to $6bn in capital investment in 2017-2022, according to the company's development strategy presented by the monopoly's ... more

Dismiss