Volume of Cross-Border Transfers in Russia Fell by a Third in March
So, according to the Central Bank, in March 2020, individuals transferred from the Russian Federation $ 413 million, of which 78 million accounted for transfers to non-CIS countries, and 335 million - to transfers to the CIS countries. In turn, transfers of individuals to Russia in March amounted to $ 274 million. In the first quarter of 2020, cross-border transfers decreased by 10.2% compared to the first quarter of 2019, to $ 2.161 billion.
The average transfer amount in March also showed a decrease. So, for transfers of individuals from Russia, it fell almost twice, to $ 212. At the same time, the average transfer to the Russian Federation grew to $ 266, which is 64% more than in March of the previous year. The statistics include data from the Blizko, Contact, Western Union, Golden Crown, Unistream payment systems, as well as Russian Post data.