Cash Flow Growth in Ukraine: New Insights
During 2025, the cash supply in Ukraine increased by 12.6%, reaching 926.3 billion UAH as of January 1, 2026. This was reported by the National Bank of Ukraine.
Compared to 2024, where growth was at 7.6%, the rate of cash circulation has accelerated considerably.
This rise was driven by increased income for the population, stable demand for goods, and a reduction in inflation levels. However, the growth in cash volume was also influenced by risks associated with military attacks, prompting citizens to hold cash reserves.
The National Bank states that there are 2.6 billion banknotes in circulation totaling 916.9 billion UAH, along with 15.2 billion coins worth 9.3 billion UAH.
On average, each Ukrainian had 64 banknotes and 193 coins, compared to 63 and 186 last year.
The most circulated banknote is the 500 UAH, while the least is the 50 UAH (26% and 4.6% of the total respectively).
Circulating coins are available in four denominations: 1, 2, 5, and 10 UAH. The most common is the 1 UAH coin, while the 10 UAH coin is the least common (4.6% and 2.3% respectively). Since October 1, 2025, the withdrawal of 10 kopeck coins has commenced, with 3.1 million units already removed.
The demand for 50 kopeck coins remains stable, making up 9.1% of the total in circulation.
The dynamics of coin circulation show that the highest growth rate in 2025 was observed in the 5 and 10 UAH coins, which increased by 21% and 29% respectively.
The quantity of 25 kopeck coins decreased by 0.1% due to withdrawals.
For the first time in years, 2025 saw an increase in the volume of 100 and 50 UAH banknotes (by 4.5% and 6.3% respectively).
However, the most significant decrease was in 200 UAH banknotes, which fell by 17.6% as they were replaced by 1,000 UAH banknotes.
Additionally, the number of 10 and 5 UAH banknotes decreased by 10% and 8% respectively due to their withdrawal.
