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Russia’s cashflow problem

Citizens increasingly rely on hard currency as military spending places strain on banking system and economy

Rubles and Russian economic chart overlaid

Russians are taking increasing amounts of cash out of their country’s banking system. The Bank of Russia’s official statistics show the amount of currency in circulation in the country has spiked this year, rising from 18.5 billion rubles ($214 million) in January to 21.5 billion rubles in July.

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