The volume of foreign currency deposits of Russian citizens decreased to $26.8 billion in October 2023, the lowest level since February 2008. This data is provided by RIA News With reference to statistics of the Central Bank of the Russian Federation.
Traditional foreign currency deposits decreased by 1.5% during the month. In addition, household funds denominated in foreign currency in current and current accounts decreased by 2% to 14.7 billion dollars. This is the lowest level since June 2017.
As a result, the total amount of citizens’ foreign currency assets in Russian banks in October decreased by 1.4 percent and reached 41.6 billion dollars.
Before that, on the eve of the last meeting of the Central Bank of the Russian Federation, Russians unexpectedly started Place existing funds more actively in bank deposits. As of November 18, the volume of cash in circulation decreased by 21.6 billion rubles compared to the previous reporting period. This is the first decline in the indicator since spring 2022.
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Source: Gazeta
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