In Ukraine, a popular banknote will be withdrawn from circulation: what will replace it

The National Bank of Ukraine has recorded significant changes in the structure of cash circulation due to war and inflationary processes. According to the NBU press service, there is an active reduction of banknotes of small denominations, which are being replaced by larger bills and coins.

The NBU notes an active reduction of banknotes of small denominations, which are being displaced by higher-value bills and coins.

The most significant changes have affected the two hundred hryvnia banknotes - their quantity in circulation has decreased by 24.5%. The National Bank explains this phenomenon by the fact that the population is switching to thousand-hryvnia bills, and also because the NBU is gradually replacing obsolete banknotes with new ones.

A similar situation has arisen with regard to the smallest denominations: banknotes of 10 hryvnias have decreased by 15%, while those of 5 hryvnias have decreased by 11%. The central bank confirms that these denominations are gradually being replaced by coins.

Military events have also seriously affected the financial behavior of Ukrainians. Savings are increasingly kept in large banknotes, which leads to a growing demand for thousand-hryvnia banknotes. However, the most popular banknotes in circulation remain five hundred hryvnias, which account for more than a quarter of the economy (27.3%). As for coins, the most popular are ten kopecks, which make up almost a third of the total volume of metal money. The least demanded are fifty hryvnias banknotes and ten hryvnias coins. Under the influence of military events and inflationary processes, Ukraine's monetary circulation is undergoing important changes: the use of small banknotes is decreasing in favor of larger bills and coins. The population is switching to thousand-hryvnia banknotes, while the demand for two hundred hryvnias is decreasing.