statement
The Central Bank considers the growth of the share of non-cash payments its achievement: it increases the transparency of the financial system, reduces the costs of issuing and collecting cash and takes money out of the shadow sector of the economy.
A statement by ЦБ. Statements are as reported by the cited publishers — not verified by DecisionGateway.
ЦБ считает рост этой доли своим достижением – это повышает прозрачность финансовой системы, снижает издержки на выпуск и инкассацию наличных и уводит деньги из теневого сектора экономики.
Related claims
By the end of the year, the Central Bank's forecast for the growth of cash in circulation will most likely come true: plus 3.7 trillion rubles, to 23.1 trillion rubles.thebell_io · predictionThe volume of cash grew by ₽0.2 trln (+1.1% m/m and +22.1% y/y), the share of cash in the economy is 15.4%, and growth here mainly reflects seasonal factors.@truecon · statementSuch a step will reduce transaction costs and currency risks, increase the resilience of the national financial system to external shocks, and give companies additional opportunities for international settlements.Министерства финансов · predictionBogdan Shablya of the Bank of Russia promised banks a recommendation on verifying the origin of cash, but without "revolutionary changes".Богдана Шаблю · statementThe main goal of all the National Bank's huge, often invisible work is one — the growth of the well-being of Belarusians.Александр Егоров · statementIn the second quarter, for the first time in many years, the share of non-cash payments by citizens fell by 0.5 percentage points to 88.4%.thebell_io · statement
More claims by ЦБ
A request can be skipped if the bank already has documents for a comparable amount and volumes have not sharply increased.statementIf documents are absent, incomplete or doubtful, or the amount is split, the bank is advised to consider refusing the operation under 115-ФЗ, filing a suspicious operation report and raising the client's risk level.statementAccording to the Bank of Russia, the recommendation affects a "narrow segment of clients".statementThe new recommendation no longer has the foreign-transfer condition, and currency exchange and bullion have been added.statementIn the May version (1-МР), the same 5 million over 30 days was a reason to look closer only if cash made up at least 70% of account inflows and at least 70% of that left via transfers abroad within about 10 days; the bank reviewed this after the fact.statement
All claims by ЦБ