Business news from Ukraine

Business news from Ukraine

Cash currency imports reached record high since 2014 – $9.9 bln

29 September , 2024  

Cash currency imports to Ukraine in January-September 2024 amounted to $9.89 billion, which is 80.9% more than in the same period last year and 4.5% more than the total amount of currency imported in 2023, according to statistics from the National Bank of Ukraine (NBU).
According to the statistics, this is the highest figure since 2014, when cash currency imports amounted to $12.43 billion for the year.
In particular, in August, banks imported $1.09 billion in the equivalent to Ukraine, which is less than $1.31 billion in July, $1.33 billion in June, and $1.18 billion in May.
According to the statistics, the US dollar and euro accounted for 77.5% and 22.5% of all imported cash currency in August, respectively.
At the same time, dollar deliveries decreased from $960.8 million in July to $840.8 million in August, while euro imports fell for the second month in a row: from $348.7 million in July to $243.9 million in August.
As reported, since the beginning of 2024, the dollar has risen in price by 8.3%, or UAH 3.16, to UAH 41.1664/$ at the official exchange rate, and by 12.6%, or UAH 4.60, since the National Bank switched to managed flexibility on October 3, 2023.
Meanwhile, since the beginning of this year, the cash dollar has risen in price by about UAH 2.72 when buying to UAH 41.47/$, and by about UAH 2.1 when selling to UAH 41.52/$.