The ruble is still the most popular currency for saving cash in the Russian domestic market – 34.9% of citizens choose the national account unit. The US dollar (28.3%) took the second place, while the Chinese yuan closed the top three (17.4%). informs The newspaper Izvestia, citing the results of a study by Finam analysts.
Thus, the currency of the People’s Republic of China displaced the euro among the most popular currencies among Russians. Only 8.4% of citizens prefer to keep their savings in European currency. The article states that the Chinese currency is the most in demand among investors and financial companies.
“The most popular currency for keeping savings in cash is still the ruble – it is chosen by just over a third of Russians, that is, 34.9%. In second place is the US dollar, in which 28.3 percent of citizens hold their savings. The top three were closed by the yuan with an indicator of 17.4%. The PRC currency has replaced the European currency, which is used by only 8.4% of citizens,” he says.
Hong Kong dollar (6.9%) and Swiss franc (1.9%) were also among the top 5 most popular currencies among Russians. The note states that the remaining 1.3% comes from cash from other countries.
March 14 businessman Oleg Deripaska recommendation The Russians are urgently selling US dollars and buying more euros, gold and Chinese yuan. One of the reasons was entrepreneur Robert Kiyosaki’s prediction about the future economic crisis in the United States. The American investor predicted the bankruptcy of Credit Suisse, one of the largest banks in Switzerland, which would take place after the collapse of the American Silicon Valley Bank (SVB).