“Friendly” currencies began to replace “toxic” currencies in the deposits of Russians, reported The newspaper “Kommersant”, with reference to the data of the Central Bank of the Russian Federation. In addition to deposits in Chinese yuan, Russian banks began offering deposits in Indian rupees, Arab dirhams and Kazakhstani tenges.
According to the regulator’s statistics, the share of “toxic” currencies, primarily the dollar and the euro, in the foreign currency deposits of individuals in Russian banks fell to 86.6% as of June 1. In monetary terms, this is about 3.25 trillion rubles, or $40.1 billion, which is 1.4 times less than a year ago. During the same period, the amount of funds in “non-toxic” currencies increased almost 20 times, reaching 500 billion rubles. (equivalent to 44 billion yuan).
The yuan occupies a leading position in the structure of foreign currency deposits, the newspaper writes. According to him, this is due to the growth of trade between China and Russia. Sberbank has reported a 50% increase in deposits in “friendly” currencies since January of this year. Dirham deposits are currently offered by three banks and their maximum yield is around 3% per year. Deposits in rupees and tenge are still unique in the market, yielding 3% and 0.1% annually, respectively.
Trade volume between Russia and China in January-June period augmented It rose 40.6% to $114.54. The trade volume between Russia and India has increased 3.8 times since the beginning of the year and reached a record level of 27.1 billion dollars for the first time in Moscow. entry India’s top three trading partners. Five-month trade turnover between Kazakhstan and Russia this year reached $10.5 billion At the same time, Russia’s share in Kazakhstan’s trade turnover increased from 18.6% to 18.8%.
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