The Central Bank recalled the impossibility of imposing a ban on cash withdrawals from deposits.
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- The Central Bank recalled the impossibility of imposing a ban on cash withdrawals from deposits.
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It is impossible to ban the withdrawal of cash savings from deposits in credit institutions, otherwise such a measure would have devastating consequences for the economy. This was announced on August 8 by Alexey Zabotkin, Deputy Chairman of the Bank of Russia.
"No, there is no ban on withdrawing deposits. This will have devastating consequences for the financial system and the economy. The Bank of Russia has already explained this many times," the regulator's Telegram channel says.
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