У статті висвітлені теоретичні аспекти грошового обігу та показників щодо його оцінки. В умовах
невизначеності регулювання грошового обігу є ключовим елементом механізму функціонування грошових систем та
реалізації НБУ монетарної політики з метою забезпечення стабільності національної грошової одиниці. За результатами
проведеної оцінки грошового обігу України в період пандемії COVID-19 та воєнного стану зазначено, що тільки жорстка
монетарна політика НБУ буде сприяти досягненню прогнозованих соціально-економічних цілей суспільства та чинником
забезпечення стійкості банківської системи, створюючи відповідне підґрунтя – цінову стабільність і низьку інфляцію в
довгостроковому періоді.
Introduction. The COVID-19 pandemic and russian invasion of Ukraine in February 2022 have caused imbalances of the
main macroeconomic proportions, and have affected the nature, dynamics and regulations of money circulation. The consequences
of these processes were the rapid inflation growth, a significant outflow of personal funds, an increase of dollarization, and a
decrease in the purchasing power of the national unit.
Purpose. The article focuses on conducting an assessment of the money circulation in Ukraine during the COVID-19 pandemic
and martial law, identifying the most significant problems and determining the directions for optimizing the organization of money
circulation.
Results. Based on the assessment of the money circulation in Ukraine, it has been determined that the economy of Ukraine was in
a stable state before russian invasion, what to a large extent affected the positive structure of the money circulation in the country.
During the period of the COVID-19 pandemic, the GDP of Ukraine had a tendency to increase and in the period of 2020-2021
grew by UAH 1,265,472 million, but the consequences of the full-scale russian attack on Ukraine in February 2022 had a negative
impact on all economic processes. The forecasts for the second half of 2022 show that the rate of economic contraction will be
lower, however, in general, real GDP will decrease by more than 30% within the year. It has been determined that high uncertainty
due to the invasion makes it difficult to regulate and forecast economic processes with acceptable probability.
Conclusions. Optimizing money circulation in Ukraine is one of the priorities of the modern economy, the purpose of which is
to ensure the stability of money circulation in the country, and in the case of an unstable economic situation, there is a need to
perfectly regulate it. The implementation of the strict monetary policy of the National Bank of Ukraine will contribute to the
achievement of the projected socio-economic goals of the society and is a significant factor in ensuring the stability of the banking
system, creating the appropriate basis: price stability and low inflation in the long term.
