One in ten survey respondents – 13% – since last year refused to keep cash dollars and euros in favor of the ruble and completely transferred their savings to the national currency – 3%. informs The newspaper Izvestia cites a study of the Vyberu.ru market.
The company’s executive director, Yaroslav Bajurak, explained that fluctuations in the ruble have turned the dollar and euro into a high-risk instrument where you can both save and lose. According to the expert, the yuan could be an alternative to “American” and “European”. However, Bajurak added that so far there has been no visible demand for deposits in yuan, and that the ruble remains the most accessible means of savings.
17% of respondents prefer to invest in the repair or purchase of household appliances and electronics without generating foreign currency savings. At the same time, 67% of respondents said they don’t have free money to save.
Ksenia Yudaeva, First Deputy Governor of the Central Bank, spoke at the beginning of the year about the risks of keeping savings in dollars and euros. Later, he explained that under the sanctions, banks could lose the supply of dollars and euros in their accounts due to the sanctions. Therefore, Yudaeva advised to transfer savings to rubles.
Formerly an economist warned About the risks of blocking Russian savings in dollars and euros.