The volume of funds of Russians in foreign banks reached 7.05 trillion rubles by September 1

The volume of funds of Russians in foreign banks reached 7.05 trillion rubles by September 1

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As of September 1, 2023, the volume of funds of Russians in foreign banks in ruble equivalent reached 7.05 trillion rubles. ($73.2 billion according to course Central Bank on September 1). In August, the figure increased by 441.6 billion rubles, as follows from the data (.xlsx) Bank of Russia.

According to the regulator, the volume of funds in foreign currency in Russian banks by September 1 amounted to 4.1 trillion rubles. In August, 111.5 billion rubles were withdrawn from such accounts, or 13 billion rubles. more than in July, according to the Central Bank data.

According to estimates (.xlsx) Bank of Russia, on September 1, Russians kept 81.4 billion rubles on deposits in foreign banks. ($845 million), which is 1.8 billion rubles. more than a month earlier.

The volume of funds of Russian citizens in foreign banks has been growing steadily since July 2022. In June 2023, the outflow of funds to foreign credit institutions for the first time in a year fell below $1 billion

Erdni Kagaltynov

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