Hundreds of billions of roubles withdrawn from Russian banks in under a month
Hundreds of billions of roubles have been withdrawn in cash from Russia's banking system in under a month, with total cash in circulation growing by over 2 trillion roubles since the start of the year, according to figures cited by Kommersant. Financial market expert Andrei Barkhota warns: "Citizens are spending more today than they earn." Economists say the mass cash withdrawals may signal growing distrust in the banking system.
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