The Hong Kong dollar can now be an alternative to the US dollar and euro for Russians. BCS Mir Investments stockbroker Dmitry Babin expressed this opinion in an interview with socialbites.ca.
“The Hong Kong dollar rate against the US dollar has been kept in a narrow corridor by the Hong Kong Central Bank for over 40 years. This is one of the foundations of monetary policy. Therefore, in our country, this currency can be a good alternative to hostile ones, given the high risks of sanctions restrictions on transactions with them,” he said.
The Hong Kong dollar exchange rate is now 12.59 rubles. For a month, the price of the currency has increased by about a ruble. At the close of trading on the Moscow Stock Exchange on Friday, the dollar rate reached 99.43 rubles, the euro – 108.7775 rubles, the yuan – 13,695 rubles.
The Hong Kong dollar was among the top five most popular currencies among Russians in the spring – chosen by 6.9% of respondents. spent Finnish company. The ruble is chosen by 34.9% of citizens. The US dollar (28.3%) ranked second, while the Chinese yuan rounded out the top three (17.4%). The euro took fourth place, it is used by 8.4% of citizens.
“Friendly” currencies have already begun to replace “toxic” currencies in Russian deposits, knowledgeable Kommersant newspaper. In addition to deposits in Chinese yuan, Russian banks began offering deposits in Indian rupees, Arab dirhams and Kazakhstani tenges.
formerly Babin announcedWhy is there not enough currency in Russia?