The Russian population does not show excessive demand for foreign currency, especially the dollar and euro, but difficulties may arise in purchasing these currencies. TASS.
“Customers come to Sberbank offices every day to buy US dollars and euros, the demand for the currency and the supply are balanced. “Customers can buy cash from major branches of the bank, provided it is at the counter,” he said.
Russian Standard Bank adds that the demand for foreign currency is limited, among other things, by restrictions on foreign tourism.
“The greatest demand has traditionally been seen in the two capitals and in the large city of over a million, which is caused, among other things, by private investors who use the currency as a tool to invest in the strengthening of the ruble. The bank’s press service explained.
Other financial institutions record similar data.
Former Oleg Syrovatkin, Global Research Analyst at Otkritie Investments announcedwhy it is better not to sell cash yet.