In 2025, the total cash in circulation grew by 12.6%, reaching 926.3 billion hryvnias as of the beginning of 2026. This was reported by the National Bank of Ukraine.
The growth rate of cash in circulation accelerated compared to 2024, where it was 7.6%.
This increase was driven by rising wages and social payments, steady consumer demand for goods and services, and lower inflation. However, risks associated with attacks from Russia also influenced the public's desire to hold more cash.
According to the NBU, there are 2.6 billion banknotes in circulation totaling 916.9 billion hryvnias, along with 15.2 billion coins valued at 9.3 billion hryvnias.
At the beginning of 2026, each resident of Ukraine averaged 64 banknotes and 193 coins.
The largest share of banknotes consists of 500-hryvnia notes, while the smallest share consists of 50-hryvnia notes (26% and 4.6% respectively).
Coins in circulation include denominations of 1, 2, 5, and 10 hryvnias, with the majority being 1-hryvnia coins, and the least being 10-hryvnia coins (4.6% and 2.3% respectively). It should be noted that starting October 1, 2025, the gradual withdrawal of 10-kopiyka coins began.
During 2025, 3.1 million coins of the 10-kopiyka denomination were withdrawn, which accounted for 27.2% of the total number at the beginning of the year.
There remains a steady demand for 50-kopiyka coins, which make up 9.1% of the total.
The dynamics of coin circulation indicate that the highest growth rate in 2025 was observed for 5 and 10-hryvnia coins, with their numbers increasing by 21% and 29% respectively.
The number of 25-kopiyka coins decreased by 0.1% due to their withdrawal from circulation.
In 2025, for the first time in recent years, the number of 100 and 50-hryvnia banknotes increased (by 4.5% and 6.3% respectively).
The most significant reduction was seen in the number of 200-hryvnia banknotes, which decreased by 17.6% due to their replacement with 1000-hryvnia banknotes.
Additionally, the number of 10 and 5-hryvnia banknotes decreased by 10% and 8% respectively as they are being gradually withdrawn from circulation.