In 2024, Russians need to purchase the currency of the country to which they plan to travel or that is in circulation on its territory. This advice to citizens was given by Candidate of Economic Sciences, Associate Professor of the Department of Global Financial Markets and Fintech of the Russian University of Economics in an interview with socialbites.ca. GV Plekhanova Maxim Markov.
“The same advice can be given to people doing business with or purchasing goods and services from another country. The second recommendation is that, given the growing comprehensive cooperation between Russia and China, it makes sense to invest in the Chinese yuan to diversify foreign currency investments. However, investments here are more promising not in terms of exchange rate difference, but in terms of tourism and business world,” commented Markov.
Finance expert, candidate of economic sciences Vladimir Grigoriev aforementioned Lente.ru says that in 2024, the dollar, euro and gold will become the most reliable investment options for Russians. The economist also recommended paying attention to bank deposits and the securities market, which can bring a decent income against the background of the high interest rate of the Central Bank of the Russian Federation.
On December 15, the Central Bank increased the interest rate by 100 basis points for the fifth consecutive time to 16% annually. Later deposit interest grew up The average is up to 15%, but there are offers between 16.5-17.5%.
On February 16, the Bank of Russia will hold its first meeting on the key interest rate in 2024. In this regard, the regulator will most likely keep it at 16% annually, take into account Economists and financiers interviewed by socialbites.ca.