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%.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

The price cap on Russian oil is becoming increasingly unenforceable, says Mutual Insurance Club

The price cap on Russian oil is becoming increasingly unenforceable, said the International Group of P&I Clubs, or so-called Mutual Insurance Clubs, according to reports on May 3. About 800 ... more

EBRD backs OTP Leasing to boost SME financing in Ukraine

The European Bank for Reconstruction and Development (EBRD) has stepped in to bolster financing for small and medium-sized enterprises (SMEs) in Ukraine, providing a guarantee to OTP Leasing to the ... more

Ukraine's DTEK seeks $350mn to restore energy capacity after Russian attacks

Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more

Follow Us On

Most Read

  1. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    5 days ago
  2. RAGOZIN: Exhausting Russia, strategies and fantasies
    4 days ago
  3. Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support for Kyiv
    6 days ago
  4. Live fish fall from the sky in Central Iran - video
    2 days ago
  5. COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
    8 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    27 days ago
  3. Iran vs Israel: Who is better equipped for war?
    24 days ago
  4. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    28 days ago
  5. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    20 days ago

Reports

Dismiss