Money outflow from Russia dropped twofold in dollars but unchanged in rubles

The right course…

The analytical board of Realnoe Vremya prepared a traditional review of the amount of foreign transfers to Russia. As it turned out, in comparison with last year it has decreased by half a billion dollars. In the first half of last year more than $17 billion 'leaked' from Russia abroad through the banks and the money transfer providers. In the first half of this year — $16.5 billion. However, the difference is not so significant in ruble terms due to the increased dollar rate (65 rubles against 55 rubles last year). Also, in comparison with the first half of 2014, when at rate of 33.8 rubles for a dollar the outflow from Russia was $32 billion, there is almost no difference. Annually, in the first six months the country loses about a trillion rubles that settled abroad.

At the same time, the rate jump expectedly played into the hands of those who get money from abroad. Despite the fact that in comparison with the first half of 2014 the money proceeds to the natural persons in our country have decreased almost by a billion dollars, in ruble terms its volume has increased. Moreover, almost twofold – from 315 to 550 billion rubles. Even despite the fall in the average amount of transactions more than threefold…

Tatarstan is ahead of all Volga region

Among the regions of Russia, the absolute leader in money outflow from the country is Moscow, from where three fourths of all money go abroad. Inflows, by the way, are also three fourths of the whole amount. Among the Volga regions, the leader is Samara Oblast – in the first half of this year $113.9 million or 7.4 billion rubles went abroad. From Tatarstan, which takes the second place by that figure, the outflow was $83 million or 5.4 billion rubles. Tatarstan for the first time has become the leader among the Volga regions by the money inflow from abroad. In the first half of 2014 the Republic received only $21 million (0.7 billion rubles by the rate on 1 July of 2014), this year – more than $50 million or 3.2 billion rubles.

The Mordovia figures look curious in comparison with other regions. Obviously, there are not many foreigners or those who work with foreign countries…