Russian Central Bank to Give Banks More Cash for ATMs

Russian Central Bank to Give Banks More Cash for ATMs
A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, on March 29, 2021. Maxim Shemetov/Reuters
Reuters
Updated:

MOSCOW—Russia’s central bank on Friday said it was increasing the amount of cash it gives to banks to replenish ATM machines, the latest measure the regulator has taken in an effort to maintain financial stability after Russia invaded Ukraine.

Demand for cash in Russia on Thursday stood at 111.3 billion roubles ($1.34 billion) and was the highest since March 2020, central bank data showed.