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Tag Archives: Russia covid19

Here’s What Russians Hoarded When the Lockdown Began

Line of Russian ATM machines on a street

BLOOMBERG, APRIL 19, 2020 About $14 billion has been withdrawn since early March | People were afraid banks would be unavailable during lockdown While consumers around the globe were hoarding toilet paper last month ahead of a wave of government-imposed lockdowns, Russians were stockpiling cash. About 1 trillion rubles ($13.6 billion) has been issued from cash machines and bank branches since the …

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