Back to normality? With Covid-19 measures removed, Russian demand for cash falls to pre-crisis levels

When Russians saw the destructive

When Russians saw the destructive potential of the Covid-19 pandemic, many rushed to the bank to take out their cash. Now, just a few months later, the demand for physical money is back to levels last seen before lockdown.

In July, about 179 billion rubles ($2.4 billion) were put into circulation – a steep drop from the whopping 700.9 billion ($9.5 billion) in March.

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