OREANDA-NEWS. The Russians returned back to the banks 90% of the deposits that they had taken since the end of February. This was stated by the head of the Ministry of Finance Anton Siluanov at a meeting of the government commission to increase the stability of the Russian economy in the face of sanctions, RIA Novosti writes.

“Almost 90% of deposits returned to banks from those who left at the end of February, about 2.4 trillion rubles,” he said.

The Minister stressed that this indicates the return of confidence in the country's banking system. He also added that the ruble is strengthening, and this allows you to gradually soften the measures of financial response to the crisis.

“Long-term rates on federal loan bonds fell to 10.5%. We expect a further decline in this indicator as inflation falls,” the head of the Ministry of Finance concluded.

At the end of March, the Central Bank reported that the amount of people's money in accounts in Russian banks decreased by 1.2 trillion in February. Funds actively began to withdraw in the last week of the month.

The outflow is due to the fact that under the conditions of sanctions, a negative information background arose, which contributed to an increase in the demand of Russians for cash, the Central Bank explained.

However, after the growth of the key rate to 20%, there was an increase in deposit rates. This made it possible not only to keep the outflow of funds from banks, but also to restore the inflow of money for urgent ruble bank deposits, the Central Bank said. This helped stabilize the demand for cash.