Russian foreign currency savings hit a historic high of $227.8 billion in February

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Russian foreign exchange savings increased by 0.6% in February, reaching a historical record level of $227.8. It has been reported DEA News Based on data from the Central Bank of Russia.

The main growth came from foreign exchange funds of citizens abroad, which grew 3.1%, or $2 billion (up to $67.8 billion) in monetary terms, in February, the agency estimated. The agency states that the growth rate has remained at this level for the second month in a row, and is the lowest since May 2022.

In addition, a record was broken with the volume of cash exchange “in the hands” of Russian citizens. It grew 0.9%, or $981 million (up to $107.1 billion).

At the same time, citizens’ foreign exchange accounts in Russian banks continued to fall by 3.1%, or $1.7 billion ($53 billion) this month.

Previously at the Central Bank reportedHe said that the restriction on withdrawing cash in Russia could not be lifted because it did not enter the country.

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