In June, the demand for cash in Russia increased, and this led to an outflow of liquidity from banks by 500 billion rubles. At the same time, according to the Central Bank, during the rebellion of PMC “Wagner” on June 23-25, the Russians withdrew 100 billion rubles. in cash.
“Demand for cash increased in June and led to an outflow of liquidity in the amount of 0.5 trillion rubles, of which 0.1 trillion rubles. fell on June 23-25, ”the document says.
It is noted that the structural liquidity surplus decreased by 400 billion rubles, to 0.5 trillion rubles, in June. The Central Bank maintained its forecast for a structural liquidity surplus at the end of 2023 in the range of RUB 2.5 trillion to RUB 3.1 trillion.
As the regulator pointed out, the growth in the volume of cash in circulation does not lead to problems in the conduct of monetary policy.
Earlier, Kommersant wrote that, according to the Central Bank, the rebellion of PMC Wagner had little effect on the ruble exchange rate, and the surge in volatility these days was of a short-term nature.
Recall that on June 23, the head of the Wagner PMC, Yevgeny Prigozhin, announced a “march of justice” against Moscow. In the Kremlin, this was regarded as an armed rebellion. The situation was resolved after negotiations with the participation of the President of Belarus Alexander Lukashenko by the evening of June 24. On June 29, President Vladimir Putin held a meeting in the Kremlin with Prigozhin and Wagner PMC commanders.
Source: Rosbalt
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