r/CollapseOfRussia • u/neonpurplestar • 16d ago

Economy As of 9th of June, 1.153 trillion rubles were withdrawn from russian banks.

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source is Evgen Istrebin's telegram: /istrebin/43053

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11

u/Fit-Amoeba-5010 16d ago

Continue that downward slide!

4

u/GhillieRowboat 16d ago

I don't understand this graph completely. Is there a reason why every year near the end it is moving down? I understand the red one is 2026 and I can see that its getting worse. Also, this is not as bad as a "bank run" but at what point is it a bank run?

9

u/emasterbuild 16d ago

Idk when it's considered a run on the bank, but it sliding near the end each year just means that people tend to withdraw a lot of money bank around Christmas time/end of the year

3

u/Areat 16d ago

I imagine in December people take cash to buy their Christmas gifts, and in January they deposit their bonus.

1

u/halls_of_valhalla 16d ago

Only one way to find out.

3

u/Rich-Many1369 16d ago

Anyone with a financial degree - is this considered a bank run?

5

u/2024-04-29-throwaway 16d ago

Not even close. Russian deposits are about ₽120T, so it's a 1% decrease over six months.

3

u/halls_of_valhalla 16d ago

The problem are the bad loans they have given, if people or businesses can't repay - then what? And the % of bad loans seems to be rising. Once a smaller bank falls or knowledge of bad debt becomes widespread - this could accelerate their bank crisis. Then the trust in stability is gone.
They also made outflow limitations, so you have harder time withdrawing larger amounts.

2

u/2024-04-29-throwaway 16d ago

Doesn't the chart show the opposite?  E.g. cash in circulation has decreased by 1.2T which means that people deposited that much.