In Russia, there is a sharp increase in demand for cash. This is on Tuesday, May 4, reports RBC with reference to the data of the Central Bank.
it clarifies that in April the amount of cash in circulation received through banks increased by 366.9 billion rubles. This indicator has become a maximum sharp outflow in cash since the beginning of the year. The head of the Gazprombank Strategy Development Center Egor Susin explained that the use of cash by Russians before the May holidays is traditional, but this year the outflow turned out to be above about 100 billion rubles.
“The decision of the authorities to” lengthen “May holidays can be one of the reasons why people decided to concentrate cash. When there are no working days between May holidays, there is some extra demand for cash, although the banking system works,” said
May holidays will last this year from May 1 to 10. Russian President Vladimir Putin agreed with the proposal of the head of Rospotrebnadzor Anna Popova to make additionally non-working four days between holiday weekends and signed the corresponding decree.