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

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Poroshenko officially nominates Smolii for post of Ukraine central bank governor

Ukrainian President Petro Poroshenko has nominated Yakiv Smolii, the acting head of National Bank of Ukraine (NBU), as a candidate for the post of governor to replace the outgoing governor ... more

Saakashvili sentenced in absentia by Georgian court to 3 years in jail

A Georgian court sentenced former president Mikheil Saakashvili in absentia to three years in prison on January 5 over his alleged involvement in the covering up of the murder of a Georgian banker in ... more

Dismiss