Russians do not believe the dollar: the share of dollar deposits fell sharply

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2017-01-27 01:45:06

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Russians do not believe the dollar: the share of dollar deposits fell sharply

Moscow, January 27. At the end of 2016, the share of private dollar-denominated Bank deposits in Russia reached a three-year low. This is the website of the newspaper "".

Especially at a rapid pace, the Russians refused to dollar deposits in December 2016, when the share of private Bank deposits in the U.S. currency declined by 2%.

Thus by the beginning of 2017, the share of dollar-denominated private deposits was 23.7%. The publication notes that this is the lowest figure for the last three years. Lower proportion of dollar deposits in the total mass of deposits was only in the pre-crisis 2014.

Experts attributed the reduction of dollar deposits with the appreciation of the rouble and lower interest rates on foreign currency deposits, the newspaper notes. Also among the possible reasons is the use of currency to pay for purchases and travel.

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