Recently, there has been some excitement in Ukraine – citizens are increasingly turning to the cash desks of financial institutions, intending to urgently receive more cash in national currency from their deposits.
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Photo – novyny.live
As NBN reports with reference to the official Facebook profile of the regulator bank (NBU), the volume of cash issued by domestic banks during the first half of the year alone, increased by 12.6 percent, amounting to UAH 1,342.9 billion.
According to NBU analysts, this trend was provoked not only by the resumption of economic activity, dictated by the increase in wages and social assistance against the backdrop of moderate inflation rates or the maintenance of a stable situation in the domestic foreign exchange market.
In particular, the expansion of hryvnia withdrawal volumes at financial institution cash desks was provoked by the desire of citizens to form a certain reserve of cash, which, in the context of the introduction of hourly power outage schedules, will remain an accessible and prompt payment instrument for retail financial transactions.
Earlier, our information portal wrote about the fact that The NBU named reasons that will lead to an acceleration of the rate of inflation in the coming months.