Demand for cash euro sharply increased in Ukraine

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According to the results of April, banks imported foreign currency to Ukraine for a total of $812.1 million in equivalent. This is $42.2 million more than in March, the National Bank reports on Monday, May 29.

It is noted that the volume of euro cash increased sharply – from 2.1 million euros to 41.1 million euros.

It is also reported that last month $39.5 million was taken out of Ukraine, which is $3.5 million more than in March.

Recall that at the beginning of 2023, banks imported into Ukraine a record amount of cash since the beginning of the war. After that, in March, the dollar exchange rate dropped sharply – from 40 to 38 hryvnia per dollar. In April, the exchange rate fell to 37.8 hryvnia per dollar.

The average cash euro exchange rate for January-April fell from 41.8 to 41.1 hryvnia per euro.