The volume of cash in circulation in Russia increased significantly… (наличный · млрд · июль)
The volume of cash in circulation in Russia increased significantly from January to mid-July 2026, driven by factors including mobile internet outages, tax changes, and seasonal summer spending. The share of cash transactions rose to 30% in April–May, with regional variations observed.
Consensus
- The volume of cash in circulation in Russia increased from January to mid-July 2026.
- The growth in cash demand was linked by the Central Bank of Russia to mobile internet outages and tax changes.
- Cash transaction share reached 30% in April–May 2026, up from 25% in the same period of the previous year.
- Regional differences exist in the use of cash payments, with southern regions showing higher usage than northern or urban areas like Moscow.
Points of divergence
- The volume of cash in circulation increased by 513 billion rubles from July 1 to 16, which is 7.0% higher than the average monthly figure for Q2 (479.4 billion rubles). — interfax
- The share of cash transactions in April–May reached 30.2%, with Moscow at only 10%. — vedomosti
Coverage (5 sources)
- Cash volume in circulation from July 1 to 16 exceeded the average monthly figure for Q2 — Интерфакс
- Russian banks' net profit in June rose by 3.3% month-on-month — Интерфакс
- Money supply in Russia grew by 230.9 billion rubles from July 3 to July 10 — Интерфакс
- Russia's international reserves increased by $0.7 billion from July 3 to July 10 — Интерфакс
- Cash payments share rose to 30% in spring — Ведомости