Monetary base in Ukraine shrinks by almost UAH 25 bln in 2017

Ukraine`s monetary base in March decreased by 1.3%, or by UAH 4.57 billion (US$170 million), to UAH 356.914 billion, or $13.27 billion, according to the National Bank of Ukraine (NBU) website.

The monetary base has dropped by 6.5%, or by UAH 24.662 billion, or $917 million, since the beginning of the year, the report said.

According to the data provided, the amount of cash outside the banks decreased by 0.2% in March, and it has shrunk by 7.5% since the beginning of the year, to UAH 290.922 billion, or $10.82 billion. The monetary aggregate M3 (monetary base) increased by 1.3% in March, while it has declined by 2.6% since the beginning of the year, to UAH 1.074 trillion, or $39.94 billion.

Earlier, the volume of monetary base in Ukraine grew by 13.6%, in 2016 from 2015 to UAH 381.575 billion, or $14.19 billion.

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