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You're reading: Ukraine slowly warms to cashless economy
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Many Ukrainians think it is much safer to keep their money under the mattress than in the bank.

This point is proven by Ukraine’s richest: The country’s top officials and lawmakers, many of them millionaires, tend to keep their vast savings in cash, according to their recently filed electronic declarations of assets.

But even with distrust in the banking sector lingering, the number of cashless operations is slowly increasing in Ukraine.

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