KIEV: Monetary base in Ukraine in July increased by 0.6% or UAH 1.9 billion, while money supply decreased by 0.9%, or UAH 8.1 billion, to UAH 966.4 billion, the National Bank of Ukraine (NBU) said on its website.
According to the report, the volume of cash outside banks in July decreased by 0.7%, to UAH 284.2 billion, but since the beginning of the year it grew by 0.4%. The regulator said that monetary base in January-July fell by 0.3%, while money stock rose by 1%.
As reported, in June monetary base grew by 0.2%, money supply by 1.1%, while the volume of cash outside banks by 0.9%. According to the NBU, the volume of deposits in the national currency in July after several months of growth showed a decline of 1.1%, or UAH 4.1 billion.
The central bank explained this was due to the reduction of balance on individuals’ accounts by 2.7%, or UAH 4.8 billion, to UAH 175.1 billion. Individuals’ deposits in the national currency excluding funds in the banks recognized insolvent and being under liquidation in July decreased by 0.8%, or UAH 1.8 billion, to UAH 165.3 billion.
At the same time, balances on legal entities’ accounts in July rose again by 0.6%, or UAH 700 million, to UAH 180.2 billion, although not as fast as in the previous month (6.2%), which allowed in the seven months to achieve their increase of 6.1%.
According to the report, the decline in foreign currency deposits in July also accelerated to 3.6%, or $500 million, compared to 1.4% in June, as a result since the beginning of the year they have declined by 22.2%, to $15.1 billion. Foreign currency deposits of legal entities in the past month fell by 2.7%, or $100 million, to $4.9 billion, those of individuals by 4.1%, or $400 million, to $10.2 billion.
Individuals’ deposits in foreign currency excluding funds in insolvent banks or those being under liquidation in July decreased by 2.9%, or $100 million, to $9.5 billion.
