The volume of Ukraine’s money supply increased by 23% in 2023, reaching 3.08 trillion hryvnia (about $80.6 billion). This was reported by the Correspondent publication with reference to data of the National Bank of Ukraine (NBU).
According to media reports, the money supply increased by 575.4 billion hryvnia (about $15 billion) during the year. Additionally, the amount of cash in circulation increased by 23.3% to 976.9 billion hryvnia ($25.5 billion).
At the beginning of January NBU chairman Andrey Pyshny stated it is about maintaining the country’s critical dependence on international financial assistance. He emphasized the fundamental importance of this resource for Ukraine and urged not to be afraid to use emissions to replenish the budget.
Pyshny noted the challenges of the past year, stating that it was unprecedented, and expressed confidence that emissions financing can significantly increase macro-financial stability in current economic realities.
Before that, the International Monetary Fund sort ofIt was stated that Ukraine will need at least $42 billion in financial aid in 2024, of which $32 billion will come from official support from donor countries.
previously Ukraine planned It will receive $46 billion from international donors in 2024.