according to Thursday’s newspaper “news” the amount of cash, the residents of Russia since the beginning of the year increased by 362 billion rubles compared to the same period last year.
the largest increase was recorded in March.
the press service of the Bank of Russia the publication explained that this process was associated with the increase in consumer spending. The index increased by 2.6%. The consumption was principally due to savings outflow which is accelerated by more than two times in comparison with the same period last year.
“This was due to the need to Finance the increased demand due to the spread of the coronavirus,” – commented the press service of the Central Bank of the Russian Federation.
As he wrote in mid-April, “MK”, against pandemic coronavirus Russians in droves have moved to cash, which led to a sharp outflow of liquidity from banks. In March, the volume of cash in circulation grew by 0.7 trillion roubles.
Read more: “against the background of coronavirus banks recorded an increased demand for cash.”
