Russians reduced the amount of cash they hold for the first time in a year and a half. This was reported by RBC.
According to the publication, the volume of cash in circulation decreased by 21.6 billion rubles, with a decrease last seen in the spring of 2022. Analysts note that the reason for the decline may be a sharp increase in interest rates on bank deposits against the background of an increase in the key interest rate of the Central Bank. Previously, the Central Bank reported that the population and funds of companies in Russian banks increased by 1% and 0.7%, respectively. At the same time, it was mentioned that citizens’ foreign currency funds were gradually decreasing.
Recently, Deputy Governor of the Central Bank Sergei Belov said that nothing will happen in the near future. expected Shifting entirely to non-cash forms of payment. According to the vice president, there is a global experience where countries announced that they were giving up cash, but then the trend reversed. Belov emphasized that cash will remain in circulation for a long time. At the same time, the share of non-cash payments in Russian retail sales has already exceeded 81%.
Previously “socialbites.ca” saidHow can you pay with digital rubles?