18:39, 3 June 2009 Page views 245 views

Russian Central Bank about Turnover of Individuals’ Cross-border Transactions in Russia

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According to Central Bank of the Russian Federation, turnover of individuals’ cross-border transactions in Russia grew by 30% to USD51.9 billion in 2008. Money transfers in favor of individuals in Russia amounted to USD10.8 billion, individuals’ transfers from Russia reached USD41.1 billion.

The share of individuals-residents’ transfers in total volume of transferred abroad money amounted to 62% and increased from USD18.5 billion in 2007 to USD25.6 billion in 2008.

In 2008 Russian citizens transferred USD8.5 billion to their accounts at foreign banks.

Central Bank of the Russian Federation

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