Financier Golubovsky outlines the risks of holding cash dollars to the Russians 17:04

Currently, the storage of cash dollars carries a number of risks for Russian citizens. Key ones include the possibility of “robbery by intruders”, as well as a possible ban of American account units minted for the Russian Federation, opens The words of Dmitry Golubovsky, an analyst at the newspaper Golden Monetary House company Arguments and Facts.

18 March Press Service of the Central Bank of Russia published statistics on the website showing that the volume of cash in the hands of citizens of the Russian Federation as of February 1, 2023 is $ 105.4 billion. Such high rates have not been recorded in the local financial market since 2018.

“If you’re holding US dollars, there are two main risks you should be aware of. First, intruders can easily rob you, and even bank cells are not exempt from this. Secondly, the US authorities can also rob you by banning dollars printed for Russia,” he said.

He also reminded that US authorities keep records of all cash dollars issued by serial numbers. Cash dollars were actively imported into the Russian Federation before the aggravation of the conflict in Ukraine – until February 24, 2022. Therefore, it will not be difficult for the US regulator to monitor the circulation of these banknotes in the Russian domestic market.

“Before the conflict began, Russian banks sent applications for the supply of banknotes to the USA, where the required amount was withdrawn from their accounts and cash was sent by plane. They know which banknotes are printed for which banks in the USA, and they can prohibit their circulation by serial numbers, ”concluded Golubovsky.

March 16, Izvestia newspaper reports the results of a research conducted by Finam analysts. reportedThe US dollar took second place in popularity among Russians as a currency instrument for saving money – its share was 28.3%. The ruble (34.9%) held the lead in this category, while the top three closed the Chinese yuan (17.4%).