Russia: predicted growth of cash popularity

The Central Bank predicted a quick increase in the popularity of cash from the population, writes RBC with reference to the words of the deputy head of the regulator Mikhail Alekseev.

“In the basic scenario, we expect that in the coming years, part of the excess cash mass released in circulation in 2020 should return to the Central Bank’s cash register. However, after that, cash growth will again resume and with any scenarios in five years of them in their The appeal will be more than now, “said Alekseev.

Last year, against the background of a decline in the economy, restrictions introduced to combat coronavirus, and concerns of the population on the sustainability of the banking system, about 2.5 trillion rubles were shot in credit institutions, which became the highest indicator over the past ten years. .

As a result, by the beginning of 2021, the population and business had 13.4 trillion rubles. The Central Bank has several scenarios for developing events. According to the basic, in the next two years, the amount of cash in circulation will decrease to 12.8 trillion rubles.

Another scenario involves tightening the absorption of cash until the end of 2024, the third – until the end of the 2026th.

According to Alekseev, the rate of return to the use of non-cash operations will largely depend on the results of the restoration of the Russian economy and the level of rates: what they will be higher, the more population will be prone to accumulation in non-cash form.

In recent years, analysts and researchers have noted a noticeable growth of non-cash operations in Russia. International consulting companies introduced the term “Russian Miracle” to describe records among all European countries to increase the volume of non-cash settlements.

/Media reports.