In Russia, there is a record outflow of cash from banks. From July 1…
In Russia, there is a record outflow of cash from banks. From July 1 to July 30, the amount of cash in circulation increased by another 620.9 billion rubles — an absolute monthly record for 2026 and the highest July on record, according to The Moscow Times citing data from the Central Bank of Russia and Sber.
Consensus
- The volume of cash in circulation in Russia increased by 620.9 billion rubles from July 1 to July 30, 2026.
- This increase represents the highest monthly cash outflow in 2026 and the largest July total in history.
- The cumulative cash outflow over the past six months (February–July 2026) reached 2.543 trillion rubles.
- The total outflow is equivalent to nearly two annual budgets of Moscow Oblast.
- Economist Nikolai Korzhenevsky suggests that the outflow may indicate insider knowledge of impending negative events in Russia.
- Cash withdrawals are being used to purchase cryptocurrency for potential offshore transfer.
Points of divergence
- The data on cash outflow is sourced from the Central Bank of Russia and Sberbank. — tg_dwglavnoe
- The vice-president of Sberbank, Taras Skvortsov, stated that the cash outflow is one of the main problems for the banking system and is driven by businesses moving 'into the shadow' due to tax increases. — tg_moscowtimes_ru
- Sberbank forecasts that by the end of 2026, cash in circulation could increase by 3.8 trillion rubles. — tg_moscowtimes_ru
Coverage (2 sources)
- In Russia - record outflow of cash from banks — DW Главное
- «Absolute Record». Russians withdrew cash from banks equal to two annual budgets of the Moscow region — The Moscow Times