KYIV, March 7 – The reduction in hryvnia deposits by 2.9% in January after an increase of 4.6% in December was seasonal and not related to the discussion of the bill on mobilization, which is confirmed by the growth of hryvnia deposits in February by 2.3%, said Governor of the National Bank of Ukraine Andriy Pyshnyy.

“From year to year, receipts to customer accounts increase at the end of the year and decrease at the beginning. This is a logical trend that existed in peacetime. Business and the state are trying to complete all payments, including wages, before the end of the year, and at the beginning of next year, the population spends or invests these funds,” he explained.