Russians demand for cash currency has fallen four times – RBC

At the end of February 2016 the total Russian population’s demand for cash foreign currency decreased at an annual rate of 18% per month the Russians withdrew from foreign currency accounts and bought in exchange (in dollar terms) only $ 5 billion, should be from the Bank of Materials Russia.

the average buyer of currency in February, bought at one time $ 1451, that is $ 255 less than in January 2016. The total amount of currency bought by Russians fell to $ 1.605 billion, or $ 134 million less than it was in January. Compared to February 2015 the volume of purchases of foreign currency population decreased by one third (-32%).

At the same time Russians began to sell the currency more frequently. Total for February 2016 they converted to dollars was sold to $ 1.71 billion, or $ 246 million more than in January. At the same time dollar sales rose 15%, the euro – 22%, and the average – 9% (to $ 853)

In the foreign currency accounts in banks by individuals $ 3 was initiated in February 2016. billion, which is 18% more than the previous month.

«in February 2016 compared with the previous month, the net public demand for foreign currency decreased by almost 4-fold to $ 0.3 billion. in this net demand was formed exclusively of US dollars, while net demand for the European currency changed its net supply “, – stated in the materials of the Central Bank.