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You're reading: Money transfers from Russia climb to record high in July
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Money transfers topped $2 billion for the second time. The first was in August 2011 when the volume reached $2.007 billion.

Transfers to Russia saw little change ($271 million). The cross-border money operations deficit reached a record $1.91 billion in July, up 32% on June ($1.45 billion) and up 9% on August 2011 ($1.74 billion).

Most money transfers from Russia go to CIS countries (transfers to the CIS climbed 28% on the previous month in July to a record $1.94 billion).

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