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Demand for cash euros has risen sharply in Ukraine

Photo: RBC-Ukraine

The role of the euro is becoming increasingly important in the structure of foreign exchange settlements of Ukraine, the NBU noted.

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

It was noted that the amount of cash euros increased significantly – from 2.1 million euros to 41.1 million euros.

It was also reported that last month $39.5 million was taken from 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 rate fell sharply – from 40 to 38 hryvnia per dollar. In April, the 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.

Also, the NBU noted that the role of the euro is becoming increasingly important in the structure of foreign exchange transactions in Ukraine.

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Source: korrespondent

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