The volume of cash in Russian hands has dropped sharply

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According to the results of January-March 2023, the volume of cash in the hands of Russians decreased by 17.8 billion rubles. In this respect writer RBC with reference to Central Bank statistics.

In the same period, the amount of cash in rubles in the hands of the population for the same period increased by 300.6 billion, according to the data of the regulator. In total, until April, cash made up 17% of the financial assets of households, which was estimated at 22.5 trillion rubles. In foreign currency deposits and accounts, Russians placed 13% in “non-toxic” currencies as of May 1, 2023. “Toxic” currencies accounted for 87%.

The record for the volume of cash in the hands of the Russians was broken on February 1, 2023. The figure at that time was 7.33 trillion rubles. or $105.4 billion was the maximum for all available statistics for the first time since 2018. From July 1 to December 1 last year, the amount of foreign currency cash held by households increased by $4.3 billion, according to the regulator.

In March 2022, the European Union and the United States placed an embargo on imports of dollars and euro cash into Russia. In response, the Central Bank has set limits for foreign currency withdrawal from accounts and deposits.

Now Russians can receive an amount not exceeding $10,000 or the equivalent Euro if the money was deposited before March 9, 2022. You can also buy dollars and euros for cash. You can buy what arrives in the bank vaults after April 9th. The restrictions have already been extended twice.

Central Bank Governor Elvira Nabiullina on June 16, St. Petersburg Economic Forum on the sidelines statedThat it is no longer possible to cancel restrictions on the sale of cash in Russia.

used to be Aksakov saidWhen it is worth waiting for the collapse of the United States.

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