In Russia, you need to wait for the dollar to reach 100 rubles to perform “denominations to one hundred to one”, which will change the face value of financial instruments, aforementioned “Public News Service” economist and financial analyst Alexander Razuvaev.
After such a transaction, the values of the national currencies of Russia and the United States will be equalized.
“And this denomination, believe me, will be much softer than it was in 1998, because people basically pay for everything with debit cards – and their savings, as a rule, are stored there. “The good news is that deposit rates will rise by the end of the year, so Russians should consider opening a deposit account,” Razuvaev said.
The previous day, BCS World of Investments stockbroker Dmitry Babin, in an interview with socialbites.ca aforementionedAt the moment, it is necessary to try to eliminate the imbalance in the Russian foreign exchange market in order to support the ruble exchange rate. He explained that the situation persists when the supply of foreign currency in Russia is not sufficient and the demand for it increases.
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