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Russia’s Central Bank Sees Record Cash Demand Amid Internet Outages

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•The record cash demand occurred during the May holiday period in Russia.
•Widespread internet outages affected multiple regions in Russia at the same time.
•The Central Bank of Russia officially confirmed the surge in cash withdrawals.
•The internet outages limited access to digital banking and payment services.

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▸If Russia’s Central Bank implements measures to improve cash availability then public confidence in the financial system may stabilize, reducing panic withdrawals during future outages.

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🌍Russian Federation

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🏛Central Bank of Russia

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REGIONALMeduza (EN)Russia’s Central Bank records highest-ever cash demand during May holidays amid internet outages

Russia’s Central Bank reported the highest-ever demand for cash during the May holidays, coinciding with widespread internet outages across the country. This surge in cash withdrawals reflects public concerns about digital payment disruptions and may affect Russia’s financial system stability during a key holiday period.