Banks in December increased gold imports almost 4 times to record-breaking USD 15.3 million since beginning of war

Banks in December increased gold imports almost 4 times to a record-breaking USD 15.3 million in equivalent since the beginning of the war.

This is evidenced by data from the National Bank of Ukraine (NBU), Ukrainian News Agency reports.

In the reporting month, gold was imported for USD 15,252,000 in equivalent, while in November this figure was USD 3,938,000 in equivalent - this is the highest figure since December 2021.

In addition, during the reporting period, banks imported USD 972.9 million in cash, compared to USD 695 million a month earlier, while the import of cash euros in December amounted to USD 395.1 million in equivalent, compared to USD 333.5 million a month earlier.

In total, in December, cash currency worth USD 1,386.305 million was imported in equivalent against USD 1,033.805 million a month earlier.

As Ukrainian News Agency earlier reported, the National Bank 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.