Banks reduce cash currency imports in April by almost 2 times to USD 564 million, smallest amount since August 2023

Banks reduced cash currency imports in April by almost 2 times to USD 564 million, the smallest amount since August 2023.

This is evidenced by data from the National Bank of Ukraine, the Ukrainian News agency reports.

Thus, during the reporting period, banks imported USD 299,850,000 in cash, which is 2.7 times less than in March, while the import of cash euros increased by 2.4% to USD 260,360 in equivalent compared to the previous month.

In addition, cash pounds sterling were imported – USD 789,000 in equivalent, Swiss francs – USD 598,000 in equivalent, and gold – USD 2,444,000 in equivalent.

In total, in April, cash currency worth USD 564.041 million in equivalent was imported.

As the Ukrainian News agency earlier reported, the National Bank of Ukraine is considering the possibility of changing the base currency for currency policy orientation - from the US dollar to the euro.

Such a scenario is still hypothetical, but is due to a number of geopolitical and economic factors.