12 Aug 2009 15:01

Ukrainian money supply down 0.1% in July, monetary base up 0.2%

KYIV. Aug 12 (Interfax) - The money supply in Ukraine edged down 0.1% to 472.3 billion hryvni in July and 8.4% in the first seven months of 2009, the National Bank of Ukraine said in a statement on its website.

The monetary base increased 0.2% in July and 1.4% in January-July to 189.199 billion hryvni.

"The situation on the monetary and credit market in July 2009 was characterized by continued positive trends as the population's funds gradually returned to the banking system, lending to the real sector of the economy increased and loan interest rates declined," the statement says.

The amount of cash outside of banks fell 0.9% to 151.8 billion hryvni in July and 1.9% in the first seven months due to an increase in demand for foreign currency.

The share of cash in the money supply grew to 32.1% in July from 32.4% in June.

The official exchange rate on August 12 was 7.7284 hryvni/$1.