💥 In the first 17 days of April, more cash was withdrawn than in the entire month of March

In the first seventeen days of April, about 470 billion rubles in cash were issued from Russian banks into circulation - more than in the entire month of March, when the volume of cash grew by 300 billion.

According to the Central Bank, the monetary base in the narrow definition for the week from April 3 to April 10 increased by 240 billion rubles and reached 20.34 trillion - a maximum since the beginning of the year. The total volume of cash in circulation as of April 10 amounted to about 19.85 trillion.
⁉️ The Central Bank in its analytical review "Monetary Conditions and Transmission of Monetary Policy": the reason is "cases of mobile internet outages, which prompt the population and businesses to build up a supply of cash for making current payments."

🤫 We are analyzing the trend via the link

🫥 UNSERO: Digital Horizon