Cash Flow in Ukraine: Insights
As of January 1, 2026, the total amount of cash in circulation reached 926.3 billion UAH, marking a 12.6% increase from the previous year. This was reported by the National Bank of Ukraine.
Cash growth in 2024 was 7.6%, but the pace quickened last year.
This was influenced by increases in social benefits, stable consumer demand, and a slowdown in inflation. Additionally, the increase in cash volume is associated with risks stemming from Russian aggression, prompting citizens to hold more cash reserves.
According to the NBU, there are 2.6 billion banknotes in circulation worth 916.9 billion UAH and 15.2 billion coins valued at 9.3 billion UAH.
At the beginning of 2026, there were 64 banknotes and 193 coins per resident of Ukraine. Among the banknotes, 500 UAH notes are most prevalent, while 50 UAH notes are the least common.
The circulating coins are in denominations of 1, 2, 5, and 10 UAH, with 1 UAH coins being the most common and 10 UAH coins the least. It is noteworthy that as of October 1, 2025, there began a phased withdrawal of 10 kopeck coins from circulation.
During 2025, 3.1 million coins of this denomination were withdrawn, making up 27.2% of the total in circulation.
There is a steady demand for 50 kopeck coins, particularly from the retail sector, making up 9.1% of the total circulation.
In 2025, the highest growth was seen in 5 and 10 UAH coins, which increased by 21% and 29%, respectively.
The number of 25 kopeck coins decreased by 0.1% due to their withdrawal from circulation.
For the first time in several years, there was an increase in the number of 100 and 50 UAH banknotes by 4.5% and 6.3%, respectively, in 2025.
However, the most significant reduction occurred in the 200 UAH banknotes, which declined by 17.6% due to their replacement with 1,000 UAH notes.
The quantity of 10 and 5 UAH banknotes also saw reductions of 10% and 8%, respectively, as they are gradually being phased out of circulation.