Keeping savings in US dollars and euros is losing its relevance, and Russians should take a closer look at deposits in yuan. In an interview with the Izvestia newspaper, he made such an opinion. expression General Director of the investment company “Dialot”, Chairman of the Financial Markets Commission of MGO “Opory Rossii” Egor Diashov.
The yuan has yet to become a world reserve currency, but its growth in the global financial market is impressive. Recently, the share of the yuan in world trade has more than doubled from 2% to 4.5%. As part of this trend, Russian credit institutions are offering opening deposits in yuan.”
According to the expert, at the moment 10 banks in Russia are actively withdrawing funds for deposits in yuan. You can deposit between 100 and 2 million yuan, the rates on such deposits are 1.3-2.4%, which is higher than dollar deposits.
In addition, Diashov said that the value of the yuan in ruble terms on the stock market has increased by about 20%.
BCS Mir Investments stockbroker Mikhail Zeltser confirmed to socialbites.ca that the yuan has become more expensive against the ruble. According to him, in early April, the yuan rose to a year high against the Russian currency. Currently, the currency pair yuan-ruble (calculations tomorrow) has jumped to 12.14, he said. Zeltser added that the yuan on the Moscow Stock Exchange remained at its highest level of the year until the end of last month.