As of July 1, the amount of cash in circulation increased by UAH 44.5 billion, or 4.8%, to UAH 970.8 billion, compared with January 1, 2026 (UAH 926.3 billion).
This is stated in a report by the National Bank of Ukraine, the Ukrainian News agency informs.
While the first quarter of the year is traditionally characterized by a withdrawal of cash from circulation, demand for cash picked up somewhat in the second quarter. This has become a trend observed almost every year and is explained by seasonality. Specifically, a year ago, at the end of the first half of 2025, the amount of cash in circulation increased by 4.6% year-over-year.
As of July 1 of this year, there are 2.6 billion banknotes in circulation with a total value of UAH 960.7 billion, as well as 15.3 billion coins (excluding commemorative and investment coins) worth UAH 9.9 billion.
Currently, there are 64 banknotes and 197 small-denomination and circulation coins per resident of Ukraine (as of January 1, 2026, these figures were 64 and 193, respectively).
Among banknotes, those with a denomination of 500 hryvnias are the most prevalent in circulation, while those with a denomination of 50 hryvnias are the least prevalent (25.8% and 4.5% of the total in circulation, respectively).
Trends in the volume of cash in circulation indicate that the highest growth rate in the first half of 2026 was for 1,000-hryvnia banknotes. Their share by number in circulation increased by 1.8% compared to the beginning of this year and stands at 20%.
In terms of value, the share of 1,000-hryvnia banknotes exceeded 55% as of July 1, 2026. According to international practice, this indicates a need to introduce a banknote of a higher denomination. Therefore, the National Bank has announced the expansion of the national currency’s denomination range, and a new 2,000-hryvnia banknote will be introduced into cash circulation starting September 4, 2026.
Regarding coins, we would like to remind you that both change coins and circulation coins are currently in 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 (4.8% and 2.5% of the total number in circulation, respectively).
Regarding small-denomination coins, please note 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 government’s costs for manufacturing, processing, transporting, and storing these coins, as well as the costs for participants in the cash circulation system associated with managing them in circulation. To date, 6.5 million coins of this denomination have already been withdrawn. As of July 1, 2026, they account for 26.9% of the total number of coins in circulation.
In contrast, there remains steady demand for 50-kopeck coins, particularly from the retail and service sectors. They account for 9.1% of the total number of coins in circulation.
As the Ukrainian News agency earlier reported, Andrii Pyshnyi, Governor of the National Bank of Ukraine, announced the expansion of the national currency’s denomination range—a new 2,000-hryvnia banknote will be introduced into circulation on September 4, 2026.
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