Since the beginning of summer, the demand for cash has increased in Russia.
About it informs “The Secret of the Firm” with reference to the Central Bank. From June 1 to June 9, their volume in circulation increased by 150.4 billion rubles.
Yury Belikov, Managing Director of the Validation Department of Expert RA, believes that the reason for the growth was the expiration of high-yield deposits. Banks launched them in March after raise key rate up to 20%.
In February 2022, the demand for cash in Russia reached its peak. February 25 into circulation received 1.4 trillion rubles, there has not been such an impact since 2011.
