In October, the population purchased $1.394 billion from Ukrainian banks, but by November the volume of such purchases had dropped to $1.289 billion.
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Photo – rbc.ua
As reported by NBN with reference to analytical data posted on the official website of the National Bank of Ukraine (NBU), the volume of cash in foreign currency (dollars and euros) imported by domestic financial institutions over the past month decreased, amounting to 1.478 billion dollars.
In particular, Ukrainian banks received 12.2% less American currency in banknotes compared to October ($1.684 billion). In addition, financial institutions imported 1.039 billion cash dollars in October, which is 9.6% less than was observed during October ($1.15 billion).
Also, the amount of imported euro cash has somewhat “dried up” — the decrease was 17.8% (to $437 million (equivalent) in November instead of $532 million (identical) in October).
In general, the difference between the amount of imported and exported foreign currency is explained simply – Ukrainians have reduced the activity of financial transactions in the domestic market, and banking statistics are available below:
Photo — bank.gov.ua
Photo — bank.gov.ua
Earlier, we wrote about the NBU answering whether interest on deposits compensates for the accelerated rate of inflation.