The cash will remain on the balance sheet of the Central Bank, but Sberbank will be possible within the limits of balances on correspondent accounts to put the money into circulation, said the Central Bank.
KAZAN, 13 Oct. The Bank of Russia plans to deliver from their stores part of cash deposited with the savings Bank, reported first Deputy Chairman of the Bank of Russia Georgy Luntovsky.
“We are working very actively with Sberbank, as it is presented practically in all territory of Russia. Now we plan to start an experiment — to give them a portion of cash in their vault,” said Luntovsky at the international conference “the Security of cash turnover and values” in Kazan.
Cash transferred to the largest Russian Bank, will remain on the balance sheet of the Central Bank, but Sberbank will be possible within the limits of balances on correspondent accounts with the money to put in circulation, said the representative of the Central Bank.
The regulator, according to Ludlovskoe, ready to individually discuss these conditions with each Bank that will take the initiative. However, credit institutions need to have certified Bank of Russia store.
Also, according to Ludlovskoe, the Bank of Russia can transmit “Rosinkas” part of the premises of its cash settlement centres.
“Now the possibility of transfer of the Association “rosinkas” part of the settlement-cash centres, which we are closing,” said Luntovsky.