The CBR registered a sharp increase in the demand for foreign currency in October

The CBR registered a sharp increase in the demand for foreign currency in October


MOSCOW, December 16. The CBR registered a sharp increase in the demand for currency in October. The rate of growth of demand for foreign currency has outstripped supply. As a result, net demand for cash foreign currency increased by 50% to $1.9 billion. Such information contains in materials of Bank of Russia.

The demand for dollars in October 2015 compared with the previous month increased by 13%, to Euro – by 12% to $4.8 and €1.8 billion respectively. The share of US dollar in the structure of aggregate demand compared with September increased by 1 percentage point (to 72%), the share of the Euro has not changed and amounted to 27%.

See also

Fluctuations of the ruble against the dollar and Euro in 2015

In October of the current year the volume of purchases by the population of cash foreign currency in authorized banks increased in comparison with September by 17%, to $3.5 billion Dollars was bought by 15%, Euro 19% higher than the previous month. The number of operations on purchase by physical persons of cash foreign currency increased in comparison with September by 7% and amounted to about 2 million transactions. The average size of purchase increased by 9% and amounted to $1779.

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 October, the authorised banks have imported into the country foreign currency in cash in the amount of $1.2 billion versus $0.6 billion in the previous month. Import of US dollars increased by 2.2 times, the Euro – by 2.8 times.

After the peak the value of the dollar at the beginning of September (68,79 rubles per dollar) in the month of October the American currency gradually depreciated, reaching 64.4 rubles per dollar by the end of the month.