CBR: net demand for foreign currency in September grew by 13% to $1.3 billion


MOSCOW, November 12. The net demand of the Russian population for foreign currency in September of 2015 increased 13% compared with August and amounted to $1.3 billion this is stated in the materials of Bank of Russia.

The growth in net demand in that period took place against the backdrop of lack of significant volatility of the ruble.

Thus, the demand for currency, as in the previous month, about 70% was formed by operations cash dollars, reported the Central Bank.

Aggregate demand of the Russian population for foreign currency in September 2015 was $5.9 billion, a decrease of 11% compared with August. Under aggregate demand the Central Bank implies that the amount purchased by the citizens of the currency in the banks, received via conversion and withdrawn from currency accounts. The demand in September 2015 for currency was smaller than in September of 2013 and 2014 by 35% and 34% respectively.

The demand for dollars in September decreased by 12%, on the European currency by 9% to $4.2 billion and $1.6 billion respectively. Aggregate supply a population of dollars and euros in September of the current year decreased by 15-16% to $3.3 billion and $1.3 billion respectively.

As in previous months, transfers by physical persons of cash foreign currency from Russia without opening an account exceeded transfers it into the country. In September 2015, the balance of transfers by physical persons of cash foreign currency without opening of accounts increased by 8% compared with August and amounted to $200 million.

Banks are imported into the country of cash currency by $600 million, which is 56% lower than the previous month. The importation of dollars has decreased by 58%, and the Euro – 62%. The volume of cash foreign currency exported from the country banks in September increased by 4% to $500 million.