29.04.2026, 14:06
Demand for cash has recovered in Russia
Source: OREANDA-NEWS
OREANDA-NEWS Demand for cash began to recover in Russia. This was written by Kommersant, which analyzed the report on monetary aggregates and credit of the Bank of Russia.
In April, the decline in the share of cash in the economy stopped, and its volume increased to 14.1 percent of the broad money supply. According to Gazprombank analyst Egor Susin, the outflow in cash amounted to 0.5 trillion rubles. At the same time, the structural liquidity deficit increased: it amounted to about 1.55 trillion rubles.
Some market participants attribute what is happening to an increase in the number of operations in the informal sector, which includes small and medium-sized businesses. Susin also recalls that what is happening also coincided with restrictions in the functioning of Internet services. The key contribution may be related to this, he says.
Credit institutions compensate for the outflow of liquidity by borrowing from the Central Bank. The volume of the latter increased to 5 trillion rubles by the end of April, the Gazprombank analyst noted.
The fact that Russians began to return to cash was reported back in mid-April. The Central Bank then provided statistics for the past year, and the Stavropol Territory and Sevastopol showed the largest increase. Kamchatka, Pskov and Voronezh regions were also in the top 5.
In April, the decline in the share of cash in the economy stopped, and its volume increased to 14.1 percent of the broad money supply. According to Gazprombank analyst Egor Susin, the outflow in cash amounted to 0.5 trillion rubles. At the same time, the structural liquidity deficit increased: it amounted to about 1.55 trillion rubles.
Some market participants attribute what is happening to an increase in the number of operations in the informal sector, which includes small and medium-sized businesses. Susin also recalls that what is happening also coincided with restrictions in the functioning of Internet services. The key contribution may be related to this, he says.
Credit institutions compensate for the outflow of liquidity by borrowing from the Central Bank. The volume of the latter increased to 5 trillion rubles by the end of April, the Gazprombank analyst noted.
The fact that Russians began to return to cash was reported back in mid-April. The Central Bank then provided statistics for the past year, and the Stavropol Territory and Sevastopol showed the largest increase. Kamchatka, Pskov and Voronezh regions were also in the top 5.
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