OREANDA-NEWS In recent months, the savings activity of Russian residents has gradually decreased, but remained high, and the population's funds in banks continued to grow. This is stated in the summary of the key rate discussion, which is published on the website of the Bank of Russia.

According to the regulator, there was a shift from term deposits to savings accounts. In addition, investments in securities and real estate increased. The demand for cash has also increased significantly. The central bank attributed the latest trend to mobile Internet outages. In addition, the reaction of economic agents to tax changes also played a role.

"The growth in demand for cash was within the historical range, and their share in the money supply increased slightly and was below the levels of the end of 2024," the Bank of Russia emphasized.

The Central Bank is confident that the transfer of funds from bank accounts to cash is changing the composition of the money supply. However, the total volume remains the same and does not create additional demand for goods and services.

According to the results of the last month of spring 2026, the total amount of cash in circulation on the Russian market increased by 400 billion rubles.

In Goznak, they urged not to associate the surge in demand for cash solely with the consequences of restrictions on the Internet or payment systems.