Central bank: Structural banking liquidity deficit at 6.9 tln rbl

MOSCOW, Mar 2 (PRIME) – Russia’s banks structural liquidity deficit expanded to 6.9 trillion rubles as of Wednesday from 5.4 trillion rubles on Tuesday, the highest since January 2017, when the regulator started publishing liquidity data, it said.

Russian banks switched from structural surplus to deficit on February 25, when it amounted to 11 billion rubles, and widened to a then-record of 2.9 trillion rubles on Monday.

Cash in circulation grew by 1.4 trillion rubles on February 25 and by 294.2 billion rubles more on Monday. On Tuesday, demand of households and businesses for cash started to stabilize, but the turnover still grew to 314.5 billion rubles on the previous day, the authority’s materials read.

(91.7457 rubles – U.S. $1)

End %%md/jst%%