The Central Bank of Russia published data showing that cash in circulation rose by 1.2% in 2024, increasing by RUB 230 billion to reach RUB 18.7 trillion as of 1 January 2025. It described the rise as the lowest in the past nine years. Cash demand was reported as broadly steady through 2024 with seasonal patterns, including cash returning to banks in the first quarter amid high deposit rates and typical pre-holiday upticks in April and December. The Bank of Russia also reported a higher share of small-denomination banknotes in circulation, linked to the resumption of printing RUB 5 and RUB 10 banknotes and the gradual entry of modified RUB 100 banknotes into circulation.
Central Bank of Russia 2025-01-29
Central Bank of Russia reports RUB 230 billion increase in cash in circulation to RUB 18.7 trillion as of 1 January 2025
The Central Bank of Russia reported a 1.2% increase in cash circulation in 2024, totaling RUB 18.7 trillion by January 2025, marking the lowest rise in nine years. Cash demand remained steady with seasonal fluctuations, and there was an increase in small-denomination banknotes due to resumed printing and the introduction of modified RUB 100 notes.