06.01.2023, 14:59
Russians began to use cash more often in 2022
Source: OREANDA-NEWS
OREANDA-NEWS Russians began to use cash more often in 2022 — from January to November, the volume of cash in circulation increased by 11 percent. This is reported by RBC with reference to the statistics of the Central Bank (CB).
It is noted that for 11 months the volume of cash in circulation amounted to 15.5 trillion rubles. By the end of 2022, this figure may exceed 16 trillion. According to experts, such a trend is associated with the fighting in Ukraine: only for February 25, the volume of cash increased by 1.41 trillion rubles. The second jump followed the announcement of mobilization: on September 22 and 23, this figure increased by 246.3 billion rubles.
Nevertheless, such a trend is unlikely to continue in the coming months, experts say. In addition, it was not possible to break pandemic records: in 2020, the volume of cash increased by 26 percent — the highest in 10 years.
Earlier it was reported that the number of currency exchange transactions increased by 21 percent in December compared to November. According to a study by the Russian Standard Bank, Russians exchanged cash more often — the share of such transactions in December was 75 percent. At the same time, about 25 percent accounted for online operations. As experts explain, Russians rushed to change the currency on the eve of New Year's travel to different countries.
It is noted that for 11 months the volume of cash in circulation amounted to 15.5 trillion rubles. By the end of 2022, this figure may exceed 16 trillion. According to experts, such a trend is associated with the fighting in Ukraine: only for February 25, the volume of cash increased by 1.41 trillion rubles. The second jump followed the announcement of mobilization: on September 22 and 23, this figure increased by 246.3 billion rubles.
Nevertheless, such a trend is unlikely to continue in the coming months, experts say. In addition, it was not possible to break pandemic records: in 2020, the volume of cash increased by 26 percent — the highest in 10 years.
Earlier it was reported that the number of currency exchange transactions increased by 21 percent in December compared to November. According to a study by the Russian Standard Bank, Russians exchanged cash more often — the share of such transactions in December was 75 percent. At the same time, about 25 percent accounted for online operations. As experts explain, Russians rushed to change the currency on the eve of New Year's travel to different countries.
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