Russia's cash in circulation surges 2.5T rubles; central bank tightens scrutiny

Cash in circulation in Russia has grown by 2.5 trillion rubles since the start of the year, prompting the central bank to issue new recommendations for banks to scrutinize the origins of client cash. The surge suggests increased cash hoarding or shadow-economy activity, possibly linked to sanctions or domestic uncertainty. The central bank's move signals concern over financial stability and potential money laundering.