The Central Bank noted a sharp increase in Russians withdrawing cash from cards in 2023

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In 2023, Russians withdrew a record amount of cash from bank cards – 33.3 trillion rubles, which is 13% more than in 2022. writes about this RBC referring to Bank of Russia statistics on card transactions.

According to the regulator, such high growth rates in the volume of cash withdrawals from cards have not been observed for at least the last 10 years. At the same time, the increase in money transfers by cards in 2023 has fallen to the minimum in ten years; It reached 79.3 trillion rubles, with only 8% on an annual basis.

Overall, the volume of transactions with individual cards in 2023 reached almost 167 trillion rubles, an increase of 12% compared to the previous year. But a year ago the growth was more pronounced: 16%, and in 2021 it was a record 26%.

According to Central Bank estimates, the increase in cash in circulation among Russians by the end of 2023 was close to 2 trillion rubles; It rose to 17.91 trillion rubles at the beginning of December, and further to 374.7 billion rubles at the end of the year. A year ago this figure was 2.28 trillion rubles.

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Previous experts explainedWhy do Russians continue to accumulate dollars?

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