Russians rushed to withdraw currency from banks

the Russians began EN masse to withdraw foreign currency from credit institutions against the background of the collapse of the ruble due to the fall in oil prices, from details the Bank of Russia posted on its website.

According to Central Bank statistics, the balances of foreign exchange deposits at the beginning of April amounted to $89,3 billion against $94,3 billion in early March. So, the outflow was $5 billion (5.3 percent), which is the largest figure in the history of the calculus since 2008.

thus, according to the regulator, the balances on ruble deposits, on the contrary, increased by 20 billion to 24.5 billion.

the Outflow occurred on the background of the collapse of the ruble due to the fall in oil prices that occurred after the cancellation of the transaction by OPEC+ (OPEC countries, plus Russia, Kazakhstan and Azerbaijan) on March 6.

in addition, in March it was reported the new tax on interest from Bank deposits, which will come into force from 2022. He will be charged in the currency of the Deposit will be recalculated at the exchange rate of the Bank of Russia.

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