Russian cash circulation hits all-time record ...News

The figure was up by more than $40 billion in July year-on-year, according to the central bank The volume of cash in circulation in Russia amounted to 17.8 trillion rubles ($198 billion) as of July 1, 2023, up by more than 9% since the beginning of the year, according to data released by the central bank last week. The figure is $42 billion higher than the same month of 2022, and represents an all-time record since statistics became publicly available. The central bank earlier said the “elevated demand” for cash was partly due to the additional need for paper money in Russia’s new regions, where all settlements sw

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Last updated : 31 July 2023 clock 08:41 AM

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Russian cash circulation hits all-time record ...News

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