Russian people have more than $20 b in their hand
Russians have about $20-30 b in hand. The head of Russian Central Bank (CB) Sergey Ignatiev said that during a consideration of monetary and credit policy for 2006 in State Duma. According to Ignatiev, "it is very hard to estimate the extent of cash foreign currency which belongs to Russian population but it is not trillion dollars indeed - it is just 20-30 billions".
The head of Central Bank noted that index is going down constantly: Russians begin bringing money to banks more actively. He said this tendency is enduring on for two last years.
State Duma deputies were interested in how Central Bank was going to stimulate Russians to hold money in banks and not in cash. Ignatiev thinks banks must become trustworthy for population.
The problem of keeping money in banks worries not only Central Bank but Federal tax service, too. The deputy chief of that service Tatiana Shevtsova said on October that rating authorities started "informational-analytical" electronic dossiers for every tax-payer.
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