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Russians Drain $24 Billion From Banking System in Five-Month Cash Hoarding Panic
Summary by United24
2 Articles
2 Articles
Remittances occur for the fifth consecutive month.
Russians Drain $24 Billion From Banking System in Five-Month Cash Hoarding Panic
The Russian banking system is facing its fifth consecutive month of cash depletion, with citizens and businesses withdrawing an average of 380.7 billion rubles ($4.89 billion) monthly between February and June, totaling a massive 1.903 trillion ruble ($24.48 billion) drain, as reported by The Moscow Times on July 1. According to data released by the Central Bank of the Russian Federation, the volume of cash in circulation surged by another 449.7…
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Coverage Details
Total News Sources2
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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