Demand for cash has risen sharply among Russians
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On September 22, 2022, the Russians showed an increased demand for cash.
The volume of issuance of such units of account on that day increased by 132.1 billion rubles. RBC with reference to the statistics of the Central Bank of Russia.
The last time this indicator exceeded this value was on March 4, 2022. Despite the sharp increase in the demand of Russians for cash, September 22 nevertheless lags behind the peak values of the end of February.
Sofia Donets, chief economist at Renaissance Capital for Russia and the CIS, suggested that the demand for cash among Russians is likely to grow further.
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