The cash exodus crescendoed to $37.4 billion in the final three months of 2011 against a background of mass street protests in Moscow and financial crisis in Europe.
Politicians and central bankers were repeatedly forced to revise their predictions about capital outflow over the course of the year as they were left behind by rising figures. About $19 billion was logged in the third quarter and $7.3 billion in the second quarter.
In what now appears to be a foolish hope, Central Bank Chairmansaid in April that inflows were possible during the last eight months of the year. “You can’t have such strong capital outflow for so long,” he said.
The final count of $84.2 billion was higher than the Central Bank’s November estimate of $70 billion and $4.2 billion more than Prime Minister Read More