The best option: the expert told where to keep your savings now
The ruble has long continued its strengthening course. However, many experts continue to believe that this story is short-lived and will end in the fall. At least, this is evidenced by the experts interviewed by Izvestia.
The completion of the tax period, the restoration of imports, as well as a faster withdrawal of foreign currency abroad due to the easing of restrictions will play against the Russian currency.
At the same time, speaking about the best currency for individuals to keep their savings, Dmitry Babin from BCS named two options. If it is possible to buy cash dollars and store them safely, this is the best option in the current conditions, because against the backdrop of economic instability in the EU and developing countries, including China, the «American» will most likely continue to look stronger than most of his » colleagues.» Whereas in a non-cash form, according to the expert, it is better to keep savings in the Hong Kong dollar, since its rate is securely tied to the US currency.
Recall that it recently became known that the Bank of Russia extended the restrictions on the withdrawal of cash foreign currency from accounts and deposits for another six months — until March 9, 2023. Many analysts believe that Russians should not now change their currency to rubles unless absolutely necessary.
Why? Oleg Syrovatkin, a leading analyst at the Otkritie Investments global research department, said that the situation is developing according to such a scenario that the dollar will rise in price by the end of December and will cost 69 rubles.