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Amount of cash in circulation decreases by 0.3% to UAH 923 billion in Q1, UAH 500 banknotes most common in circulation

The National Bank of Ukraine. Photo: NBU
The National Bank of Ukraine. Photo: NBU

As of April 1 of this year, the amount of cash in circulation in Ukraine had decreased by 0.3% (or UAH 3.1 billion) since the beginning of the year, totaling UAH 923.2 billion.

This is stated in a report by the NBU, according to the Ukrainian News agency.

This is due to seasonal factors, as cash issued in previous periods is traditionally withdrawn from circulation in the first quarter of the year.

There are 2.6 billion banknotes in circulation totaling UAH 913.4 billion, as well as 15.2 billion coins (excluding commemorative and investment coins) worth UAH 9.6 billion.

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As of April 1, 2026, there were 63 banknotes and 195 small-denomination and circulation coins per resident of Ukraine (as of January 1, 2026—64 and 193 pieces, respectively).

The 500-hryvnia banknote is the most common in circulation, while the 50-hryvnia banknote is the least common (25.5% and 4.7% of the total number of banknotes in circulation, respectively).

As of March 2 of this year, banknotes in denominations of 1, 2, 5, and 10 hryvnias (2003–2007 series) of all years of issue ceased to be legal tender. At the same time, they are included in the structure of cash in circulation until citizens can exchange them for coins and banknotes of other denominations currently in circulation.

Today, both small-denomination and circulation coins are in cash circulation. Circulation coins come in four denominations: 1, 2, 5, and 10 hryvnias. Of these, 1-hryvnia coins are the most common in circulation, while 10-hryvnia coins are the least common (4.7% and 2.4% of the total number of circulation coins in circulation, respectively).

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Regarding small-denomination coins, it is worth noting that the gradual withdrawal of 10-kopeck coins began on October 1, 2025. These coins have ceased to play a significant role in cash payments for goods and services.

Therefore, their gradual withdrawal will reduce the state’s expenses for their production, processing, transportation, and storage, as well as the costs for cash circulation participants to handle them. From October 2025 to the present, 4.8 million coins of this denomination have already been withdrawn. As of April 1, 2026, 10-kopeck coins account for 27.1% of the total number of coins in circulation.

In contrast, there remains steady demand for 50-kopeck coins, particularly from the trade and services sectors. As of April 1, 2026, they accounted for 9.1% of the total number of coins in circulation.

As the Ukrainian News agency earlier reported, in 2025, the most counterfeited banknotes in Ukraine were 500-hryvnia and 100-dollar bills.

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