In Russia, there is a trend of the population moving away from bank accounts in favor of cash. According to the "inFOM" survey data, in September, 38 percent of respondents chose to keep their savings in cash. This figure has increased by 6 percent compared to last year. At the same time, the share of bank account users stands at 37 percent.
Experts explain this situation by the decline in interest rates on bank deposits, disruptions in digital infrastructure, and increased control by banks over financial transactions. From February to September 2026, the volume of cash in circulation increased by 3.3 trillion rubles.
Against the backdrop of these changes, the Central Bank of Russia is strengthening control over cash circulation. Specifically, starting from September 29, 2026, individuals are prohibited from taking more than 1 million rubles in cash to Uzbekistan, Tajikistan, Azerbaijan, and countries of the Eurasian Economic Union (EAEU). For legal entities and individual entrepreneurs, taking cash to these states is prohibited regardless of the amount.
Through these measures, the Russian government aims to combat the "shadow economy" and tax evasion. Banks have been given recommendations to conduct deeper checks on the sources of clients' funds. In particular, large-scale transactions carried out in a short period will be under supervision.
These restrictions are of significant importance for migrants and citizens. When transferring funds internationally, it is recommended to use the banking system or adhere to the established cash export limits. It should be remembered that keeping cash "under the mattress" can lead to a loss of purchasing power due to inflation.
