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Demand for cash and currency decreased in Sberbank

Demand for cash and currency decreased in Sberbank
Photo: pixabay.com

Sberbank experts note a decrease in the number of cash withdrawal operations. This trend is especially noticeable in operations in bank branches.

According to the press service of Sberbank, in the first half of the week of quarantine, the volume of cash withdrawals in bank branches decreased by 70%. Bank customers began to withdraw 28% less cash at ATMs.

At the same time, demand for the sale of foreign currency and the withdrawal of dollars from deposits fell. Compared to last week, the decline was 25%. According to the first deputy chairman of the board of Sberbank Alexander Vedyakhin, such trends indicate the development of online operations on the financial literacy of the population. There is no rush demand for currency, and people have ceased to stock up for future use in cash.
September 18: current information on coronavirus in the Far East
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