The share of foreign-currency deposits held by Russian citizens has fallen to a historic low

▪️ 4.5% — the share of Russian citizens’ deposits in foreign currency at the end of the first half of the year. This is the lowest level in the entire history of observations, according to the Deposit Insurance Agency (DIA)

▪️ Rouble deposits are preferable thanks to the stability of the rouble and high deposit rates

“CRYSTAL OF GROWTH” previously cited the opinion of Alexander Galushka: “A country’s sovereignty means the all-round strengthening of the national currency… The strength of the rouble lies in the strong sides of our economy, not in a foreign-currency nest egg.” At the same time, “the de-dollarisation of the world economy is the correction of a historical and theoretical error.”