Central Bank: the volume of cash in circulation increased by 2.3 trillion rubles in 2022

This is stated in the message on the website of the regulator.

It is noted that a surge in demand for cash was observed twice during 2022.

“The first time was in February-March, but it was short-lived.

The second wave was noted in September.

However, growth slowed down in October,” the Central Bank of Russia said.

In addition, as noted, the traditional New Year's demand for cash was recorded in December.

Last November, the head of the Bank of Russia, Elvira Nabiullina, said that the cash outflow from Russian banks in October amounted to 100 billion rubles.