Russians have reduced the amount of cash on hand to a record low: the main reason has been named
The amount of cash in the hands of Russians has sharply decreased.
According to the results of the first half of the year, it fell by 570.3 billion rubles.
This amount of cash return over the past nine years is the maximum, RBC reports, citing statistics from the Central Bank of Russia.
According to experts, this dynamic is observed due to the increase in interest rates.
This trend began to be observed in the fall of last year.
The influx of funds from the population into deposits is enormous. It amounted to more than 10 trillion rubles over the past year.
Managing Director of Gazprombank Private Banking Egor Susin explained that almost 0.7 trillion rubles are received into term deposits every month.
Currently, the share of cash in the total money supply has decreased to a maximum of 16.1%.
According to the study, Russians do not prefer to carry cash with them.
