In July, the amount of cash in the hands of Russians decreased by 0.6 billion dollars to 96 billion dollars. This has been reported hit the primer With reference to the calculations of BKF bank analyst Maxim Osadchy.
According to an expert who analyzed the Central Bank of the Russian Federation statistics, in July, citizens’ deposits in foreign banks increased by $0.9 billion to $73.9 billion, while deposits in Russian banks decreased by the same amount to $44.4 billion.
“Actually, we are talking about the flow of people’s foreign exchange funds to foreign banks. At the same time, the analyst added that the volume of cash “under the pillow” of Russians decreased by $ 0.6 billion in July to $ 96 billion.
He says the main reason for this is the Central Bank’s restrictions on foreign currency deposits, which he introduced in March 2022. In addition, the analyst points out that the investments of Russian citizens in the shares of foreign companies in foreign currency have increased. According to him, these investments increased by 1.2 billion dollars in July.
Central Bank at the end of August reportedIn July, the funds of the population in banks of the Russian Federation increased by 1.1%.
Formerly Bank of Russia elongated restrictions on the withdrawal of foreign currency.