Cbank: Russians’ net demand for foreign currency rises 37% in Nov

MOSCOW, Jan 27 (PRIME) -- Russians’ net demand for foreign currency cash grew by 37% on the month to U.S. $2.1 billion in November, the central bank said on Wednesday.

Net demand for the U.S. dollars increased by 15%, while demand for the euros rose by 9%.

Foreign currency cash purchases at banks increased by 20% to $2.1 billion. Purchases of the U.S. dollars went up by 24% on the month and purchases of euros grew by 10%. Sales of foreign currency to banks by individuals fell by 12% to $0.8 billion.

Imports of foreign currency by banks increased by 47% on the month to $2.6 billion.

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