In January-October 2024, banks imported the equivalent of $12.88 billion in cash currency to Ukraine, which is 81.4% more than in the same period last year, according to statistics from the National Bank of Ukraine (NBU). The import of cash currency in the first ten months of 2024 is a record high since 2013, the only other record high was in the first 10 months of 2012, when the equivalent of $16.81 billion was imported. In particular, in October, banks imported the equivalent of $1.68 billion to Ukraine, compared to $1.30 billion in September and $1.09 billion in September.
According to the statistics, the US dollar and euro accounted for 68.3% and 31.6% of all imported cash in October, respectively, and 73.7% and 26.1% over the past 10 months.
Deliveries of dollars in October increased slightly compared to September, from $1.08 billion to $1.15 billion, while imports of euros almost doubled, from $229.6 million to $531.7 million.
As reported, since the beginning of 2024, the dollar has risen in price by 9.2%, or UAH 3.50, to UAH 41.5035/$1 at the official exchange rate, and by 13.5%, or UAH 4.93, since the National Bank switched to managed flexibility on October 3, 2023. Meanwhile, since the beginning of this year, the cash dollar has risen in price by about UAH 2.93 when buying to UAH 41.68/$, and by about UAH 2.33 when selling to UAH 41.75/$.
