{"id":23119,"date":"2013-01-24T09:13:20","date_gmt":"2013-01-24T08:13:20","guid":{"rendered":"http:\/\/rt.com\/business\/news\/russians-love-cash-637\/"},"modified":"2013-01-24T09:13:20","modified_gmt":"2013-01-24T08:13:20","slug":"in-cash-russians-trust","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/in-cash-russians-trust\/","title":{"rendered":"In cash Russians trust"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/rt.com\/files\/business\/news\/russians-love-cash-637\/ruble-denominations-banknotes-euro.n.jpg\" width=\"370\" height=\"277\" alt=\"Ruble and euro banknotes of different denominations. (RIA Novosti\/Igor Samoilov)\"\/><\/p>\n<p id=\"VideoDescription\" class=\"grey mv10\">Ruble and euro banknotes of different denominations. (RIA Novosti\/Igor Samoilov)<\/p>\n<\/div>\n<div>\n<p>Russians\u2019 love for cash remains strong, as the amount of \u2018live money\u2019 in the country up 11.2% in 2012 &#8211; CBR.<\/p>\n<p>Last year the amount of cash in circulation in Russia stood at 7,676bln roubles, according to a research by the Central Bank of Russia (CBR), compared to 6,903bn roubles in 2011. Russia had the highest growth of cash in the economy, followed by China and the USA.<\/p>\n<p>The number of banknotes throughout the world economies has been growing, with \u2018live money\u2019 set to remain a favorite means of payment for years to come, says Alekxandr Yurov, director at CBR money circulation department.<\/p>\n<p>It\u2019ll take generations to make people completely switch to something alternative like electronic payments, but when that happens it\u2019ll have been another civilization, Yurov added.<\/p>\n<p>In Russia, where electronic payments have emerged quite recently, people simply haven\u2019t had enough time to get used to money that can\u2019t be touched. A lack of the necessary infrastructure, such as point of sale terminals adds to the strong favor towards cash, explained the CBR official.<\/p>\n<p><em>\u201cAbout 17% of Russians who want to pay for their purchases by a card are rejected \u2014 simply because shops don\u2019t have such a device,\u201d<\/em> Yurov concluded.<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/rt.com\/files\/business\/news\/russians-love-cash-637\/ruble-denominations-banknotes-euro.n.jpg\" width=\"370\" height=\"277\" alt=\"Ruble and euro banknotes of different denominations. (RIA Novosti\/Igor Samoilov)\"\/><\/p>\n<p>Ruble and euro banknotes of different denominations. (RIA Novosti\/Igor Samoilov)<\/p>\n<\/div>\n<div>\n<p>Russians&rsquo; love for cash remains strong, as the amount of &lsquo;live money&rsquo; in the country up 11.2% in 2012 &#8211; CBR.<\/p>\n<p>Last year the amount of cash in circulation in Russia stood at 7,676bln roubles, according to a research by the Central Bank of Russia (CBR), compared to 6,903bn roubles in 2011. Russia had the highest growth of cash in the economy, followed by China and the USA.<\/p>\n<p>The number of banknotes throughout the world economies has been growing, with &lsquo;live money&rsquo; set to remain a favorite means of payment for years to come, says Alekxandr Yurov, director at CBR money circulation department.<\/p>\n<p>It&rsquo;ll take generations to make people completely switch to something alternative like electronic payments, but when that happens it&rsquo;ll have been another civilization, Yurov added.<\/p>\n<p>In Russia, where electronic payments have emerged quite recently, people simply haven&rsquo;t had enough time to get used to money that can&rsquo;t be touched. A lack of the necessary infrastructure, such as point of sale terminals adds to the strong favor towards cash, explained the CBR official.<\/p>\n<p><em>&ldquo;About 17% of Russians who want to pay for their purchases by a card are rejected &ndash; simply because shops don&rsquo;t have such a device,&rdquo;<\/em> Yurov concluded.<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-23119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/23119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=23119"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/23119\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=23119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=23119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=23119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}