Among Sberbank clients, both individuals and legal entities, the demand for cash has fallen by 30%, despite the additional early payments to the population, said the head of Department of cash operations control Centre NDO Sberbank Oleg Bulgakov. According to him, the Bank additional cash reserves not needed. In a crisis situation, banks have to demonstrate the “endless liquidity”, because people immediately start to get nervous, if you see the first signs of shortages of cash.
Earlier, the Bank of Russia reported that in March due to the increase in emission of cash, their volume in circulation grew by 0.7 trillion roubles, and deposits of natural persons decreased by 315 billion, or 1%, at the same time citizens mostly filmed foreign currency deposits.
For industry cash circulation current crisis will be a turning point.
the Explosive growth of online trading over closed malls and paranoid fears of becoming infected through money will dramatically accelerate the replacement of banknotes by non-cash settlements not only in Russia but throughout the world, market participants believe. While reducing turnover and the already low-margin industry NGO will have much more to work hard on reducing costs.
as for fears of cash as a possible way to get that banknotes are no more and no less a carrier of pathogenic infections than any other items that are in public circulation, for example, the door handles, the General Director of Goznak (the manufacturer of banknotes and coins) Arkady Trachuk.
the Bank of Russia with the beginning of the spread COVID-19 recommended banks to withstand banknotes 3-4 days before delivery to the clients and loading ATMs, as well as to turn off the recirculation mode the cash machines, which work on the reception and issue of cash.
Monitoring shows that banks adhere to these recommendations, said Vladimir Demidenko. In the settlement-cash centres of Bank of Russia banknotes are aged 14 days to recalculate and 6 days after the conversion before sending to banks.
“the Virus lives exactly on the surface of banknotes as necessary for drying the droplets got there – two or three days, whereas the viability of colonies of bacteria or some mold is calculated by months and requires other approaches,” – said Trachuk. Given this, Goznak since 2010, adds in the paper for the banknotes of 500 rubles (in 2017 and banknote of 2,000) are the same biocides that are used for processing medical products.
“We are convinced that banknotes in circulation more than 5 years, still biocidal properties retain – said Trachuk. – We can say that notes in circulation are not so optimal environment for the spread of disease, and different”. ��the use of bactericidal substrates “no absolute answer”, quarantine and hand washing no less important, he said.
Arkady Trachuk noted that the production of banknotes of a plastic substrate is not a panacea: when the layer of paint starts to crack, they just are the breeding ground for the formation of colonies of bacteria, fungi, etc., and from the point of view of the virus and does not have any advantage over cellulose.
