{"id":189635,"date":"2025-10-10T04:24:13","date_gmt":"2025-10-10T04:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/189635\/"},"modified":"2025-10-10T04:24:13","modified_gmt":"2025-10-10T04:24:13","slug":"russians-move-2-35-billion-back-home-as-foreign-savings-dry-up-data-show-united24-media","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/189635\/","title":{"rendered":"Russians Move $2.35 Billion Back Home as Foreign Savings Dry Up, Data Show \u2014 UNITED24 Media"},"content":{"rendered":"

Russian households continued to repatriate savings from foreign banks in August, with a net inflow to domestic accounts of about $730 million at the Central Bank\u2019s August average rate\u2014according to newly released monthly data. Since March, the cumulative net return has reached roughly $2.35 billion, according to the Central Bank of Russia information.\u00a0<\/p>\n

The Moscow Times, citing<\/a> the Bank of Russia\u2019s preliminary estimate, reported that August\u2019s net inflow nearly matched March\u2019s record of about $730 million, adding that the ruble\u2019s appreciation since spring pushed the foreign-currency value of August transfers to the highest since the series began in 2018. As of September 1, Russian household deposits in nonresident banks stood at about $76.6 billion.\u00a0<\/p>\n

The Central Bank\u2019s statistical portal confirms that its monthly \u201chouseholds: financial assets and liabilities by instrument\u201d dataset was updated<\/a> on October 9 with August 2025 figures, the basis for the reported net flows.\u00a0<\/p>\n

\"Russia\u2019s<\/p>\n

Read more<\/p>\n

CategoryLatest news<\/a>Russia\u2019s Secret Crypto Weapon: Ruble Stablecoin Moves $9.3B to\u00a0Evade Sanctions<\/a><\/p>\n

\n Jun 25, 2025 16:58\n <\/p>\n

Officials and market commentators have tied the reversal in cross-border flows to shifting rate differentials, a stronger ruble earlier in the year, and selective risk-taking by foreign funds. <\/p>\n

In April, Deputy Finance Minister Ivan Chebeskov described<\/a> some of the returning capital as \u201cso-called \u2018cowboy money\u2019 from hedge funds that, despite the sanctions regime, channel small amounts via friendly jurisdictions,\u201d adding that volumes remained limited. \u201cIt\u2019s visible in OFZ\u00a0pricing and the ruble\u2019s dynamics,\u201d he said.\u00a0<\/p>\n

Earlier, it was reported<\/a> that the Russian ruble weakened sharply on the Moscow Exchange as analysts cited reduced foreign-currency inflows from exports, lower oil prices, and ongoing sanctions pressure.<\/p>\n

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