Despite the risks, Russians continue to keep their savings in dollars and other currencies. The newspaper reports this “News”.
According to the Central Bank, the volume of foreign exchange in households in January 2024 increased to 8.7 trillion rubles from 6.9 trillion in the previous year.
Experts attribute the continued demand for the dollar to its stable position on the world stage. In addition, citizens see the American currency as a reliable protection against inflation and sharp fluctuations in the ruble exchange rate.
“Fearing the depreciation of savings due to high inflation in Russia, people prefer to keep money in hard currencies such as dollars or euros,” explains analyst Alexander Potavin. “At the same time, many people underestimate the risks associated with such investments.”
At the same time, there is a tendency for the volume of cash foreign exchange on farms to decrease. In particular, in 2023 this figure decreased by 81.6 billion rubles.
At the same time, Russians are actively buying non-cash currencies. According to a survey by Russian Standard Bank, in January 2024, citizens were 52% more likely to buy non-cash dollars than to sell them.
Experts explain this trend by the fact that non-cash money can be invested in various financial instruments and receive a stable income.
Experts also warn holders of foreign currency accounts and cash about possible risks.
“There is a threat of freezing dollar assets if a new sanctions package is implemented against Russia. In addition, sharp fluctuations in the exchange rate can bring losses to currency holders,” emphasizes a partner of the investment company Ilyumzhinov, Rusev and Partners.
Before that it was known where Russia was live The most financially literate citizens.
ruble before guess rapid recovery.