In June, Russian households transferred a record $4.65 billion to foreign bank accounts. author “Kommersant” referring to Central Bank statistics.
According to the regulator, Armenia received more than $450 million in citizen transfers from Russia in June; it was an absolute record; this is double what was determined a month ago ($266 million). The volume of transfers to Kazakhstan exceeded $140 million, compared to $95 million in May. While the Russians transferred $300 million to Kyrgyzstan and $231 million to Georgia, the total amount of funds in non-resident banks of Russian households increased from $31.5 billion in February to $43.5 billion at the end of June.
Market experts agreed that the volume of funds sent to neighboring countries in the summer has traditionally increased. Also, people just go on vacation. Given that Russian cards are not valid abroad, there is a need to transfer them to plastic received in other countries.
According to Roman Prokhorov, chairman of the board of the Association for Financial Innovations, trade operations within the framework of parallel imports also began to play an important role. It is also safer to produce them on individuals.
In early July, Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov and Senator of the Federation Council of the Russian Federation Nikolai Zhuravlev made A bill for consideration by the State Duma, which proposes to establish the obligation of banks to transfer funds between accounts, without commission, up to 1.4 million rubles per month.
Source: Gazeta
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