In the hands of the population of 3.8 trillion rubles

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На руках у населения 3,8 трлн рублей

The Russians actively use cash as a means of savings.

In the hands of the population is more than 3 trillion rubles. This “Izvestia” said a source in the Central Bank. Experts believe that this amount is too high for daily expenses. This means that people are still using cash as a means of savings. During the crisis, this trend only intensified.

As told “Izvestia” on September 1, the monetary aggregate M0 (cash in circulation outside the banking system) amounted to more than 7.4 trillion and 3.6 trillion of which is in cash desks of the organizations and enterprises.

Accordingly, the remaining money, which are accounted for in M0, in the hands of the population, — said the source.

If we subtract from the total amount of 3.6 trillion roubles, which is located in the offices of enterprises, it turns out that on hands at the population today accumulate about 3.8 trillion rubles. This far exceeds the needs of money circulation, said the source “Izvestia”. Understand it’s pretty easy, if you divide 3.8 trillion rubles of the 100 million people of the active population — it turns out that in the wallet of every Russian today should be 38 thousand rubles. According to experts, this suggests that many people still prefer to keep their savings in cash.

— Ordinary citizens are not burdened with excessive knowledge of the intricacies of the financial market today, in fact, only two public ways to save money from inflation: deposits and purchase foreign currency in cash, — said the chief economist of the rating Agency RAEX (Expert RA” Fedor Zherdev.

However, he noted, currency is no longer perceived as a tool that guarantees the safety of savings, as courses it is unstable, and the fluctuations are not so great, as only a year ago.

Banks, including large enough, lose their license every week. Guarantee Fund in the saving of a panic, but can not force people to carry money to the Bank where Deposit rates are quite modest. So the cash savings — a consequence of uncertainty of the ordinary citizen in the future, when in case of dismissal, retrenchment or any other quite common in a crisis to the turmoil of the money you may need here and now, — says a representative of RAEX.

Surveys show that today approximately every fifth Russian who has savings, prefer to keep their cash. As was previously customary to say “under the mattress”. And though deposits are rising (August 1, their sum amounted to about 23.6 trillion rubles), still remain those who trust exclusively cash. According to Central Bank transactions cash withdrawals account for almost 72% of all actions with money.

By the way, experts do not see anything terrible. Advisor on macroeconomics General Director of the company “Opening broker” Sergei hestanov believes that 3.8 trillion — more normal volume than normal.

— On the deposits people put in six times more, and the share of non-cash turnover in Russia is traditionally low, — said Sergey hestanov.

Economist, associate Professor at Higher school of Economics Anton tabah also believes that by historical standards 3.8 trillion — not too great a number.

— The Central Bank has a plan to reduce the share of cash in circulation. I think that will implement it, ” suggested Anton tabah.

In his opinion, the accumulation of significant sums in the hands of the population does not bear special risks in addition to dangers that the money was stolen. In addition, the “mattress” savings regularly melt under the influence of inflation.

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