From January to October 2024, banks imported into Ukraine the equivalent of $12.88 billion in cash currency, which is 81.4% higher than the figure for the same period last year, according to statistics from the National Bank of Ukraine (NBU).
The import of cash currency over the ten months of 2024 marks a record high since 2013, with only the first ten months of 2012 showing a greater amount – the equivalent of $16.81 billion.
Specifically, in October, banks brought in the equivalent of $1.68 billion to Ukraine, compared to $1.30 billion in September and $1.09 billion.
According to the statistics, in October, the share of U.S. dollars and euros was 68.3% and 31.6% of all imported cash currency, respectively, while for the ten months, these shares were 73.7% and 26.1%.
Dollar supplies in October saw a slight increase from September, rising from $1.08 billion to $1.15 billion, while euro imports surged nearly twofold, from $229.6 million to $531.7 million.
As reported, since the beginning of 2024, the official exchange rate of the dollar has risen by 9.2%, or 3.50 UAH – to 41.5035 UAH/$1, and since the National Bank transitioned to a managed flexibility regime on October 3, 2023, it has increased by 13.5%, or 4.93 UAH.
Meanwhile, the cash dollar has appreciated by about 2.93 UAH for purchases, reaching 41.68 UAH/$, and by about 2.33 UAH for sales, amounting to 41.75 UAH/$.